It’s rare to find a Wall Street Journal columnist (and a Ronald Reagan appointee) calling for a steady-state economy.
Banks should not be allowed to live the alchemist’s dream by creating money out of nothing and lending it at interest.
In his foreword to the book, Enough Is Enough, Herman Daly contemplates the role of sufficiency in obtaining “the good life.”
Herman Daly has an unorthodox suggestion for curtailing carbon dioxide emissions: grant more power to OPEC.
Economists are good at making specious arguments in favor of infinite growth. Herman Daly is good at debunking them.
Herman Daly’s synthesis will leave you questioning the most ingrained economic assumptions of our times.
What would King Canute do? One thing’s for sure: he wouldn’t be so arrogant as to try IBM’s approach.
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.