An Economics Fit for Purpose in a Finite World
Our current economic policy goal is not fit for a finite and entropic world. But what would our economic policy goal be in a steady state economy?
These are the CASSE blog articles on economic growth.
Our current economic policy goal is not fit for a finite and entropic world. But what would our economic policy goal be in a steady state economy?
Our economy faces a futility limit, ecological catastrophe limit, and an economic limit. Fortunately, the economic limit will likely be the first we encounter; hopefully we can implement a steady state economy before the others are reached!
How should we commemorate the 40th anniversary of the ESA and the 100 year anniversary of the death of the last passenger pigeon?
Daly challenges the assertion that a steady-state economy is inherently capitalistic and must be instead be based on a socialist system.
We are going to need more than a wealth tax to fix our economy.
GDP growth is creating more problems than it solves–which is exactly why we need to keep calculating and monitoring it.
What is the best strategy for incorporating limits to growth into economics?
Our guest post discusses some exciting initiatives to augment GDP with indicators that measure our well-being or happiness.
The purchase of expensive luxury goods requires an agricultural and extractive surplus at the base of the economy–this is the “tropic theory of money.”
Does Paul Krugman believe GDP growth is making us richer or poorer?