Herman Daly « Center for the Advancement of the Steady State Economy

What Is the Limiting Factor?

It is not for nothing that our system is called “capitalism” rather than “natural resource-ism.”

Herman Daly explains Frederick Soddy’s far-reaching economic insight, and he comes up with a doozy of a conclusion.

Herman Daly makes the case against using obsolete growth policies to dig out of the recession, and he issues a challenge to technological optimists.

Of course, it’s better to be rich than poor, but the conventional approaches for making us rich — GDP growth and free trade — no longer apply.

Herman Daly succinctly sums up the steady-state perspective in his suggestion for the UN Conference on Sustainable Development.

Good and bads, wealth and illth — economic growth produces them all. But how big are the bads and how damaging is the illth?

Adaptation will mean moving from growth to a steady-state economy, one almost certainly at a smaller scale than at present.

MIT-PhD-IMF-BMW. Although this career path may benefit specific economists, it fails to serve the common good.

Herman Daly wonders how the World Bank got in the business of increasing the debt of poor countries.

Herman Daly exposes the absurdity of geo-engineering as a solution to climate change.