Socio-Ecological Transformation

Summer Semester 2020 Courses

Advanced Economics Module (ALMA-WP3)

Green New Deal or Post-Growth Economics in the Age of Climate Change and the Coronavirus Crisis

When: Mondays, 14 - 18:00

Where: online via Zoom

Content: For more than a decade, the Green New Deal has been under discussion as a program for the socio-ecological restructuring of the economy. It recalls the New Deal of 1930s America and was conceived as a reaction to the economic and financial crisis of 2007 and beyond. It dominates current political debate in the USA and the EU and offers a threefold response, firstly to the rapidly increasing awareness of the climate crisis, secondly to the increasing polarization of wealth and economic marginalization of sections of the population, and thirdly and very topically to the economic downturn following the “coronavirus crisis.” We will start off by tracing the history of terms and concepts from the New Deal of the 1930s through to current Green New Deal programs. We will then discuss fundamentals of the Green New Deal, including whether there is a capitalist constraint on growth, the extent to which decoupling economic growth and environmental damage is possible, and whether strategies for “post-growth” and “degrowth” offer an alternative. We will conclude by comparing different current programs for a Green New Deal in Europe and the USA. By the end of the seminar, participants will be qualified to evaluate programs for the social, economic and ecological restructuring of society and adopt a nuanced view of the alternative proposals for a Green New Deal on both sides of the Atlantic.