By Ben Valdez I don’t think it’s ever easy to consider being an unpaid intern right out of college. It’s something you don’t usually think about while you’re in school, at least from my experience, and it’s certainly not something you’re trained to aim for as a prospective graduate. Before I came to the Center […]
by James Magnus-Johnston Capitalism and growth might have similar connotations, but they have important distinctions, too. “Capitalism” has become a clumsy catch-all for any number of value-laden projections—greed, big business, innovation, accumulation, complexity, workaholism. “Growth,” meanwhile, is a landmine of technical and cultural connotations, and I’ll explore just a couple of them here. Technically speaking, […]
On the Environmental Impact and Economic Sustainability of Nord Stream 2 and Other Sub-Marine Natural Gas Pipelines Kyiv, November 6, 2019 Summary Representatives of the Ukraine National Academy of Sciences, National Technical University of Ukraine, Ukrainian National Forestry University, Naftogaz Board for Science and Technologies, Institute of Market Problems and Ecological Economics Research, Ukrainian […]
by Max Kummerow In Empty Planet: The Shock of Global Population Decline (Crown Publishing Group, New York, 2019) Darrell Bricker and John Ibbitson argue that population decline will bring many social and economic changes—some good, some bad. They assert that “In three decades, give or take…global population starts to decline.” Note that their title is […]
By Max Kummerow For hundreds of years, economists have debated whether population growth is good or bad. Malthus said exponential population growth increases labor supply, so wages fall until starvation, war, or plague stops growth in numbers. Marx said capitalism causes poverty and hunger, so population growth is good, because “every stomach is born with […]
By Brian Czech
Backed by an ominous sound clip and a rapidly churning GDP meter that comes out of nowhere, “Be alarmed… Be very alarmed!” are the opening phrases at CASSE’s new landing page. You’ll see what we mean shortly; please allow us an introduction to describe the approach. The landing page is actually a 30-second animation prefacing our “regular” website. It is designed to be three things: alarming, crystal clear, distinctive and memorable.
By Herman Daly
The economic process is not a mechanical analog that can be run forward and backward, nor a circular process that can return to any previous state. Rather it is an irreversible and irrevocable process moving in the direction of time’s arrow of increasing entropy . Finitude and entropy guarantee that the economic life of our species will be a journey of no return. Therefore even a stationary economy, in the classical sense of constant population and constant capital stock, is ultimately a journey of no return, because the metabolic throughput of matter and energy required to maintain constant stocks of people and physical capital, in the face of depreciation and death, is an entropic flow from ever less concentrated sources to ever filling sinks – and both sources and sinks are finite.
By Brian Czech
Ask Americans what the Green New Deal is all about, and you’ll get two basic answers. Most often you’ll hear, “It’s about moving to renewable energy in order to fight climate change.” You’ll also hear, from a camp further right, “It’s all about socialism!” Either way, the really green, really new feature is overlooked. What the Green New Deal is really about is the transition to a steady state economy. At least, that’s what it must be about, to be truly green and new. Let’s start with green. “Green” connotes environmental protection. Some may view it naively as a tree hugger’s agenda, but ultimately, it’s about economic sustainability. That’s because economic activity starts from deep in the environment; namely with the agricultural and extractive sectors.
By Brian Czech
Among today’s headlines is the pedestrian-sounding “Colin Hanna: Economic growth, new jobs, strengthened pensions.” Author Hanna, surely a well-meaning soul, is pitching the merits of the private equity “industry.” The problem is, Hanna goes so far as to reference “the industry’s clear record of driving economic growth.”
By Josh Farley
Perhaps the main reason people reject the need for a steady state economy is some form of cornucopianism, the belief that technological progress will overcome all ecological and physical limits, allowing endless economic growth into the indefinite future. Cornucopianism has several flavors, and I will describe three: mainstream economics, eco-modernism, and singularity theory.