These are the CASSE blog articles on governance.


What is Wrong with a Zero Interest Rate?

by Herman Daly

The stock market took a dip, so the Fed will likely continue to keep the interest rate at zero, in conformity with its goal of supporting asset prices by quantitative easing. What is wrong with a zero interest rate? Doesn’t it boost investment, growth, and employment?

There are many things wrong with a zero interest rate. Remember that the interest rate is a price paid to savers by borrowing investors.


War and Peace and the Steady State Economy

Herman Daly discusses the natural alliances between peacemakers and steady staters, and between the growth economy and warfare.


A Population Perspective on the Steady State Economy

The population problem should be considered from the point of view of all populations–populations of both humans and their things–if we are going to achieve a steady state economy.


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?


Three Limits to Growth

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!


Cold War Leftovers

Daly challenges the assertion that a steady-state economy is inherently capitalistic and must be instead be based on a socialist system.


Depletion of Moral Capital as a Limit to Growth

How is the depletion of morality effecting the environment and economic growth?


A Medical Missionary’s Environmental Epiphany

What can leprosy and its treatment teach us about ourselves and how to manage our environmental crises?