The opposite of growth. It entails a reduction of production and consumption—the contraction of local, national, and global economies. Degrowth devotees argue that this does not require individual self-sacrifice or a decrease in well-being; instead, their aim is to maximize happiness and well-being through non-consumptive means—‘sharing work, consuming less, while devoting more time to art, music, family, culture and community’.

http://www.greeneuropeanjournal.eu/tag/degrowth/ Degrowth magazine.