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Downscaling of Economic System
Degrowth: A Vocabulary for a New Era edited by Giacomo D'Alisa, Federico Demaria and Giorgos Kallis, New York and London: Routledge, 2015; pp xxii+220, Rs 2,600.
The book under review is an ensemble of a variety of “keywords” that are deployed for constructing “counter-hegemonic narratives” of economic growth. These alternatives represent a corpus, deliberately termed as degrowth—instead of a-growth.1 Degrowth: A Vocabulary for a New Era is more of an overview, it is less of an encyclopaedia, and certainly not a dictionary. It tries to explain and interrelate the concepts used in degrowth literature.
The central connecting thread in derowth literature holds economic growth responsible for stagnation, impoverishment, inequality, socioecological disaster, pollution and alienation from means of livelihood— or, in short, the econo-socio-ecological crisis faced by the humanity. One of its most prominent interpretations, from ecological economists, calls for downscaling the economic system.
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