Posts


The Guardian and Monbiot versus Forbes and Worstall

Daly explains how the conflation of growth and development, and a reliance on the Cobb-Douglass production function, can lead to the spurious conclusion that natural resources are unimportant factors of production.


Not Production, Not Consumption, but Transformation

You can always count on Herman Daly to ask the critical questions: “How did this nonsense come into economics?”