influential in shaping economic thinking to this day. It stated that the wealth of nations was based on trade between parties, not acquisitions of gold. If two entities are allowed to exchange products of value because they see an opportunity to earn a profit, then the total wealth of the nation will increase. Today, this increase of economic wealth is still the dominating objective for nations as it is seen as a path to prosperity. Lou Pizante, CFO/COO at Goodcorps stated “Yes, in principle if you have degrowth, you cut prosperity. If you are not growing the top line, and arc growing the bottom line, people will be worse of. You either have to grow the top line or decrease the bottom line.�
Economic Degrowth At the other end of the spectrum there are ecological economists and environmental scientists who feel that the capitalistic economic policies from the past 70 years have not worked. The downscaling of production of goods and services reduces the activities that reduce carbon emissions and extraction of natural resources ultimately diminishing impact to the environmental and global climate change. Growth above a level that satisfies basic needs does not improve psychological well being. It has more costs that benefits specially environmental. The core for the 21st century economics is not how nations get rich, but how they manage without growth. How can degrowth become stable and prosperous? However more importantly issues such as climate change, biodiversity loss, resource RESEARCH & METHODOLOGY
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