Stimulating growth through adjusting macroeconomic conditions remains the principal policy responses to pressing problems of unemployment, poverty and environmental degradation. However, are the current policy approaches capable of tackling these problems by generating win-win solutions or are they the root causes of these problems? The current growth trajectory has neither lead to a reduction of our overall resource use - as we use resources and energy more efficiently we consume more - nor create the conditions for employment and well-being.

Increasingly, there is the realization...