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https://www.ellenmacarthurfoundation.org/circular-
economy/concept.

[40] As proven by the Platform for Accelerating the Circular
Economy (PACE), see https://pacecircular.org.
[41] International Trade Union Confederation (ITCU), “Investing
in the Care Economy: A Pathway to Growth”, 8 March 2016,

https://www.ituc-csi.org/investing-in-the-care-economy-a.
[42] Cassidy, John, “Can We Have Prosperity Without
Growth?”, The New Yorker, 3 February 2020,

https://www.newyorker.com/magazine/2020/02/10/can-we-have-
prosperity-without-growth.
[43] Degrowth, “Degrowth: New Roots for the Economy”, 2020,
https://www.degrowth.info/en/open-letter.

[44] McAfee, Andrew, More from Less, Simon & Schuster, Inc.,
2019.
[45] Blanchard, Olivier, “Designing the fiscal response to the

COVID-19 pandemic”, Peterson Institute for International
Economics (PIIE), Briefing 20-1, 8 April 2020.
[46] Reinhart, Carmen M. and Kenneth Rogoff, “The
Coronavirus Debt Threat”, The Wall Street Journal, 26 March

2020, https://www.wsj.com/articles/the-coronavirus-debt-threat-
11585262515.
[47] Reinhart, Carmen M., “This Time Truly Is Different”, Project

Syndicate, 23 March 2020, https://www.project-
syndicate.org/commentary/covid19-crisis-has-no-economic-
precedent-by-carmen-reinhart-2020-03.
[48] Saez, Emmanuel and Gabriel Zucman, “Keeping Business

Alive: The Government Will Pay”, 16 March 2020 revision,
http://gabriel-zucman.eu/files/coronavirus2.pdf.
[49] Effective deep negative interest rates would have to be

supported with measures to prevent financial firms from hoarding
cash, see Rogoff, Kenneth, “The Case for Deeply Negative
Interest Rates”, Project Syndicate, 4 May 2020,
https://www.project-syndicate.org/commentary/advanced-

economies-need-deeply-negative-interest-rates-by-kenneth-
rogoff-2020-05.
[50] Blanchard, Olivier, “Is there deflation or inflation in our
future?”, VOX, 24 April 2020, https://voxeu.org/article/there-

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