These are the CASSE blog articles on inequality.
Herman Daly provided the key scaffolding for modern steady-state economic theory. But he built on the ideas of many before him, including Nicholas Georgescu-Roegen, Daly’s key advisor at Vanderbilt University. The term “steady state” is often used to describe an economy where capital stock is steady but growth may persist. But Daly was clear that his steady state was a homeostasis beyond growth,
The science is clear: Our rate of economic activity is having disastrous impacts on the environment, starting with the climate so crucial to our survival. Economic activities require the use of natural resources and systematically entail pollution. Resources eventually get used up, as does the capacity of the planet to assimilate waste. We are reminded of Herman Daly’s long-running emphasis that the economy is a subsystem of the environment,
Many are beginning to sense that there is a diminishing relationship between increasing gross domestic product (GDP) and broad prosperity or “quality of life.” Environmental perils are a big part of this—from dying oceans and freshwater shortages to extreme weather events and epidemics. People readily feel these changes, even without knowing their true extent. Technological advances notwithstanding, there is little doubt that ongoing “growth” only perpetuates and amplifies such perils.
Today, we see endless suburban sprawl and no shortage of stories about the U.S. affordable-housing crisis. So, why aren’t there enough homes yet?
The story is one of “artificial scarcity,” in which there are plenty of means to close the affordable-housing gap, but scarcity is created by investment companies buying up homes. Investors own 20 percent of single-family homes in the United States. Loopholes in the U.S.
In our paradoxical society of excess and dissatisfaction, dedicating a day to gratitude is a powerful gesture.
There is abundant evidence of the importance of gratitude for well-being. A dearth of gratitude is a critical component of Western society’s epidemic of dissatisfaction and mental illness.
It’s no coincidence that this epidemic has been accompanied by economic growth beyond planetary boundaries.
The world looked poised to end hunger in the mid-2010s, after decades of decline in the percentage of the population that is undernourished. People often attribute progress in the late 20th century to the technological advances of the “Green Revolution.” However, the revolution’s costs and benefits, and their distribution, are hotly contested. Many experts instead point simply to economic growth as the primary factor responsible for poverty reduction and,
The concept of greenwashing has gained unfortunate relevance, especially regarding the energy transition. Greenwashing occurs when companies, governments, or institutions promote products, services, or projects as ecologically responsible, while minimizing or hiding their negative impacts. The inhabitants of the Amazon, particularly Indigenous peoples, are witnessing how greenwashing is not only problematic from an environmental perspective. It is also detrimental to human rights and social justice.
Renewable energies, such as solar,
This week marks the fourth annual International Conference on Financing for Development (FfD4). Leaders of governments, international organizations, and financial institutions meet in Seville, Spain, to “reform financing at all levels.” Global South countries and advocacy groups from across the world hoped this would be the moment for a UN Framework Convention on Sovereign Debt.
According to Didier Jacobs, Oxfam International’s Debt Relief Advocacy Lead,
Housing in the United States (and in many other nations) is plagued by many problems and shortcomings. Among the most critical are increasingly unaffordable prices and bewildering geographic cost variations. Connected to these are additional problems associated with forced sprawl, the needless destruction of vital ecosystems, and labor market rigidity.
The residential cost problem is paramount and can no longer be dismissed as a predicament limited to isolated markets.
In a world where GDP exceeds our planet’s biocapacity, we badly need new economic policy. In particular, we need to halt the process of unsustainable growth and move toward a steady state economy. The critical question is how to do this while ensuring sufficient economic opportunities, employment, and income for all.
Technological changes are insufficient, despite holding some promise. Neither the agricultural “Green Revolution” nor energy use efficiencies have markedly changed the ongoing overshoot.