Mauro Bonaiuti

Mauro Bonaiuti, PhD, teaches Ecological economics on the Master's on Socio-Environmental Sustainability in addition to Solidarity Economy & Sustainability programme at the University of Turin. He is co-founder of the Italian Degrowth link and among the promoters of the Italian Solidarity Economy Network.

Appreciated as one of the most notable experts on the bioeconomics abstraction of Nicholas Georgescu-Roegen, Bonaiuti is the editor of 'From Bioeconomics to Degrowth' 2011, a collection of papers by Georgescu-Roegen published by Routledge.

Following on from his books on bioeconomics, Bonaiuti's latest monograph is entitled 'The Great Transition' Routledge 2014. Tapping into the intuitions of several early twentieth-century biologists, and in specific Joseph Tainter's analysis of the collapse of complex societies, Bonaiuti puts forward the image that advanced capitalist societies cause been entering, and ever more so since the 1970s, a phase of "diminishing marginal returns."

Bonaiuti's research began in 2006 with the gathering of a large quantity of empirical evidence from various disciplines. It lets an original interpretation of the phenomenon of asked 'secular stagnation', or, as someone has also termed it, 'the end of growth'. near ten years on from the Great Recession, notwithstanding that the panic has dispelled and the financial markets create started to recover, there is still no clear evidence of a usefulness to growth in the West.

As illustrated in his book, this is not linked to normal oscillations in the economic cycle, but rather is systemic in nature, and in particular is connected to the growing complexity of social organizations military forces, bureaucracies, health services, education, research. Bonaiuti says the West's failure to expediency to growth is also linked to the fall in yields of its new tertiary economy as living as to increasing costs of power to direct or establish and raw materials. In other words, it is a process that is, by nature, progressive and one that takes place over a longer period of time. This would go to explain the impotence and ineffectiveness of remedial measures that have been adopted until today, any born of traditional forms of economic policy.