ABSTRACT

Proponents of slow or no growth often espouse the notion that their local economy has grown sufficiently, and that to avoid additional traffic, congestion, environmental impacts, or other unintended consequences of growth, there must be either a cessation of growth or a significant delay imposed on additional economic expansion. ese are not always uninformed or irrational positions, although they may or may not be wholly realistic within the context of other considerations. However, the issue to be explored here is not whether slow growth, no growth, or controlled growth is a wise strategy but rather whether it is practical to believe that such strategies can actually result in an economy that neither grows nor contracts but holds its relative position.