In the new economy, we redefine what it means for our society to grow and to be successful. Money becomes a means to other ends: well-being, sustainability, and equity. Our measure of success is when people are thriving.
GDP is not as closely correlated to well-being as we think. The steady-state economy is a theoretical alternative to today’s economy that refocuses from maximizing GDP at all costs to fostering long-term well-being and sustainability.
Building a sustainable and equitable economy doesn’t require that we completely remake ourselves from the ground up. It mostly requires that businesses and institutions just live by the values they already claim to live by.