“Driving” the Growth of Local Economies: Farming or Financing?

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.” Hanna’s article reminds me of […]


Conflict of Interest at the U.S. Fish and Wildlife Service? A Deal Some Couldn’t Refuse

March 20, 2018 By Richard McCorkle, Guest Author As a fish and wildlife biologist with the U.S. Fish and Wildlife Service, I’ve been concerned about global warming and climate change for more than a quarter century.  In the late 1990s, when I finally had the means to do so, I began privately investing in socially […]


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 New Economy Will Help Save Rivers and Fisheries

Many activities that today damage rivers and fisheries would not occur in a steady state economy.


Oil and Real Estate Bubbles in Canada: What Goes up Won’t so Smoothly Come Down

Magnus-Johnston explains how these investments are funded, and how it exacerbates our economy’s growth imperative.


Peace, Love, and the Gift

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.


Use and Abuse of the “Natural Capital” Concept

Herman Daly explains how we can use prices now as tools for rationing a fixed predetermined flow of resources, rather than determining the volume of resources taken from nature, or the physical scale of the economic subsystem.


Do U.S. Election Financing Laws Force Politicians to Ignore Limits to Growth?

Brent Blackwelder explains the connection between campaign financing laws and a steady state economy.


Piketty Acknowledges a Limit to Inequality–Will He Acknowledge the Limits to Growth?

We are going to need more than a wealth tax to fix our economy.


The One Percent: Not Kristallnacht but Lebensraum

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.”