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22 2014 pp. 59 75 1 2 3 de-growth uneconomic growth GDP 2014 10 30 59

1 2 3 GDP GDP GDP GDP GDP A. Smith 250 18 19 60

R. Solow 1950 1 20 Solow 1930 J. M. Keynes Keynes 100 2 21 2030 Keynes Keynes Revisiting Keynes 3 Pecchi Gustavo 1930 de-growth 1930 1930 4 1920 30 Solow 1970 1930 1990 21 61

R. Solow 1950 60 Solow steady state 20 Solow 4 4 4 GDP 5 Solow Solow Kincaid 2009 Kincaid 2009 20 62

Solow J. S. Mill Sowell 2006 6 stationary state Sowell Sowell long-run comparative statics 7 2013 J. S. Mill Of the Stationary State 1848 Mill Mill human nature Mill 19 Mill 63

Mill uneconomic growth pro-growth de-growth GDP welfare well-being good life happiness GDP Mill 8 de-growth 9 capitalism socialism liberalism consumerism nationalism globalism ism Leroux 2004 belief 64

Leroux justification Leroux pro-growth de-growth pro-growth Kincaid 10 GDP Victor 2013 18 19 Victor 11 de-growth uneconomic growth de-growth Martínes-Aliere, Pascual, Vivien and Zaccai 2010 décroissance de-growth 1929 1930 65

de-growth 12 Mill de-growth pro-growth uneconomic growth 13 GDP welfare Daly 2001 14 Daly Daly 15 national global 3 66

Leroux 2004 3 M: Man S: Society 2 A B 2 Leroux M S G: Growth W: Well-Being G W A W G B G W G G W W G degrowth uneconomic growth 67

Friedman 2008 Friedman 16 68

Daly 2001 Rodrik 2011 3 3 17 EU EU Rodrik Rodrik 69

70

18 Solow 19 Solow yes no more or less 20 1930 Keynes J. E. Stiglitz 2006 21 Keynes Mill 71

1 Helpman 2004 20 2 Keynes 1930 Keynes 100 2030 4 8 3 Pecchi, Lorenzo and Gustavo Piga 2008 4 Phelps 2008 Phelps Keynes 5 Solow Vane and Mulhearn 2005 6 Sowell 2006 p. 46 7 p. 46 8 Sowell 2006 Mill Mill Swell 2006 p. 154 9 Marrinez-Alier, J., Pascual U., Vivien, F. Dominique and Zaccai, E. 2010, in Victor 2013 p. 986 10 Kincaid 2009 pp. 468 469 11 Victor 2013 p. xv 12 Marrinez-Alier, J., Pascual U., Vivien, F. Dominique and Zaccai, E. 2010, in Victor ed. 2013 pp. 987 988 13 uneconomic growth Daly 2001 14 Daly 2001 p. 158 (in Victor 2013 p. 698 15 Daly 2001 p. 158 (in Victor 2013 p. 698 16 Friedman 2008 17 Rodrik 2011 pp. 223 232 18 Helpman 2004 p. 110 19 Solow 2014 p. 106 20 Solow 2014 p. 100 21 Stiglitz 2006 pp. 32 33 72

Angner, Erik 2009 Subjective Measures of Well-Being: Philosophical Perspectives, The Oxford Handbook of Philosophy of Economics, ed. by Harold Kincaid and Don Ross, Oxford University Press, 2009. pp. 560 579. Baumol, William J., Litan Robert E. and Carl J. Schramm 2007 Good Capitalism, Bad Capitalism, and The Economics of Growth and Prosperity, Yale University Press, 2007. 2014 Brennan, Jason, Why Not Capitalism?, Routledge, 2014. Daly, Herman. E 2001 Beyond Growth: Avoiding Uneconomic growth, in Mohan Munasinghe, Osvaldo Sunkel and Carlos de Miguel (eds), The Sustainability of Long-Term Growth: Socioeconomic and Ecological Perspectives, Chapter7, Cheltenham, UK and Northampton, MA: Edward Elgar, pp. 153 161. (ed. by Victor, Peter A, The Cost of Economic Growth, Edward Elgar, 2013. pp. 693 701.) Dowding, Keith, What Is Welfare and How Can We Measure It?, The Oxford Handbook of Philosophy of Economics, ed. by Harold Kincaid and Don Ross, Oxford University Press, 2009. pp. 512 539. Friedman, Benjamin M. 2005 The Moral Consequence of Economic Growth, Alfred A. Knopf, 2005. 2011 Friedman, Benjamin M. 2008 Economic Well-being in a Historical Context, ed. by Lorenzo Pecchi and Gustavo Piga, Revisiting Keynes: Economic Possibilities for Our Grandchildren, MIT Press, 2008, pp. 125 134. Helpman, Elhanan 2004 The Mystery of Economic Growth, The Belknap Press of Harvard University Press, 2004. 2009 Keynes, J. M., Essays in Persuasion, The Collected Writings of John Maynard Keynes, Volume IX, The Macmillan Press, 1931. 1969 9 1981 2010 19 2012 pp. 31 50. Kincaid, Harold 2009 Explaining Growth, The Oxford Handbook of Philosophy of Economics, in Harold Kincaid and Don Ross, Oxford University Press, 2009. pp. 455 475. Kuznets, Simon 1973 Modern Economic Growth: Findings and Reflections, American Economic Review, 63(3), June, pp. 247 258. (ed. by Victor, Peter A. The Cost of Economic Growth, Edward Elgar, 2013, pp. 110 121.) Leroux, Alain 2004 Ideology: An Economic Point of View, in Davis, John B, Alain Marciana and Jochen Runde, The Elgar Companion to Economics and Philosophy, Edward Elgar, 2004. pp. 159 178. Lindsey, Brink, Human Capitalism: How Economic Growth Has Made Us Smarter-and More unequal, Princeton University Press, 2013. Martínez-Alier, J., Pascual, U., Vivien, Franck-Dominique and Edwin Zaccai 2010, Sustainable De-Growth: Mapping the Context, Criticism and Future Prospects of an Emergent Paradigm, Ecological Economy, 69(9), July, pp. 1741 1747. (ed. by Victor, Peter A. The Cost of Economic Growth, Edward Elgar, 2013, pp. 985 991.) Mill, J. Stuart 1848 1868 Of the Stationary State, Principles of Political Economy, Book IV, Volume II, Chapter VI, London, UK: J. W. Parker, pp. 334 340. (ed. by Victor, Peter A. The Cost of Economic Growth, Edward Elgar, 2013. pp. 3 9.) Ohanian, Lee E. 2008 Back to the Future with Keynes, ed. by Lorenzo Pecchi and Gustavo Piga, Revisiting Keynes: Economic Possibilities for Our Grandchildren, MIT Press, 2008, pp. 105 115. 73

Pecchi, Lorenzo and Gustavo Piga 2008 Revisiting Keynes: Economic Possibilities for Our Grandchildren, MIT Press, 2008. Pecchi, Lorenzo and Gustavo Piga 2008 Economic Possibilities for our Grandchildren: A Twenty-first Century Perspective, ed. by Lorenzo Pecchi and Gustavo Piga, Revisiting Keynes: Economic Possibilities for Our Grandchildren, MIT Press, 2008, pp. 1 16. Phelps, Edmund S. 2008 Corporatism and Keynes: His Philosophy of Growth, ed. by Lorenzo Pecchi and Gustavo Piga, Revisiting Keynes: Economic Possibilities for Our Grandchildren, MIT Press, 2008, pp. 95 104. Rodrik, Dani, The Globalization Paradox: Democracy and the Future of the World Economy, Princeton University Press, 2011. 2014 PHP 1999 Solow, Robert M. 2008 Whose Grandchildren?, Revisiting Keynes: Economic Possibilities for Our Grandchildren, ed. by Pecchi, Lorenzo and Gustavo Piga, MIT Press, 2008, pp. 89 93. Solow, Robert M. 2014 Natural Resources and Sustainability, Economics for The Curious: Inside the Minds of 12 Nobel Laureates, ed. by Robert M. Solow and Janice Murray, Palgrave Macmillan, 2014. pp. 97 108. Solow, Robert M. and Janice Murray, Economics For The Curious: Inside the Mind of 12 Nobel Laureates, Palgrave Macmillan, 2014. Sowell, Thomas 2006 On Classical Economics, Yale University Press, 2006. Stiglitz, J. E. 2006 Making Globalization Work, W. W. Norton, 2006. 2006 Vane, Howard R. and Chris Mulhearn 2005 The Nobel Memorial Laureates in Economics: An Introduction to Their Careers and Main Published Works, Edward Elgar, 2005. 74

Miyako KIJI Can we ever expect in the future that the economic growth will bring the prosperity of a nation and the rise in the standard of life of the nations? This paper studies on how the economic growth ought to be to attain the optimal steady state for both of a national economy and a global economy, although some desire for the gain of economic growth and others worry about the cost of it. First of all, I outline the process of the model buildings of the modern economic growth theories and study the implications of stationary state or steady state in the explanation of economic growth theory, going back to the classical economics. In section 2, I proceed the idea of economic growth as the ideology to the idea regarding the cost of economic growth. And then I redefine the optimal steady state as a more sophisticated implication and show how economic growth ought to be to attain it. In the final section, I focus on the attainability of the optimal steady state in both a national economy and a global economy by economic growth from a point of view of political trilemma of the world economy. And I conclude to say that we may have the more desirable process of the economic growth by getting free of the ideology of globalization. Keywords : economic growth, cost of economic growth, ideology, de-growth, uneconomic growth, political trilemma of the world economy 75