A momentous choice is before us. Will we choose more mega-highway projects, centralized electric power plants, and mega-dams, or more decentralized wind and solar investments?
If we are to degrow the economy towards a steady state, we’re going to need to be a whole lot more generous, a whole lot happier, and more grateful for what we have already.
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.
Brian Czech responds to Paul Krugman’s shockingly weak column, which argues against the limits to growth with the example of slow steaming.
Mainstream economists base their recommendations on the idea that the Earth is somehow infinite–a notion equally absurd as the idea that the Earth is flat.
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?