Shrinkage means the voluntary downsizing of the national economy, including a reduction in gross domestic product. "Voluntary" here indicates a preference for voluntaristic solutions - though not as individualistic and unplanned where well-to-do opt out of the consumerist market model.
The Nature of The Jevons Paradox (tags)
The Jevons Paradox is a multiple intersection of several issue threads including economics, peak oil, global warming, social movements, and the philosophy of science