Speaker Name(s): Peter Victor, Ph.D.
Description: Economic growth is the over-arching policy objective of governments worldwide. Yet its long-term viability is increasingly questioned because of environmental impacts and impending and actual shortages of energy and material resources. Furthermore, rising incomes in rich countries bear little relation to gains in happiness and well-being. Growth has not eliminated poverty, brought full employment or protected the environment. Using a simulation model of the Canadian economy, we will consider whether full employment, an end to poverty, dramatic reductions in greenhouse gas emissions and maintaining fiscal balance is possible without economic growth.