The Daly News


The Pope Francis Encyclical And Its Economics

By Brent Blackwelder

The Encyclical Letter of Pope Francis is attracting extraordinary attention for its message on global warming, deforestation, loss of biological diversity, and other pressing environmental issues. What is less well known is the extensive critique of the global economy found in his 184-page Encyclical. This blog highlights some of the significant points that Pope Francis makes about the need for systemic economic change.

Although the Pope does not use the phrase “steady state economy”


Good Health Requires Different Economics

by Dr. Trevor Hancock

Editor’s note: A version of this post ran originally in the Times Colonist.

For the past three years, I have been leading an important project for the Canadian Public Health Association (CPHA), which led to the release on May 25th of our Discussion Paper and a 100-page technical report on global change and public health.

In these documents,


Thoughts on Pope Francis’ Laudato Si

by Herman Daly

As a Protestant Christian, my devotion to the Catholic Church has been rather minimal, based largely on respect for early church history and for the love of an aunt who was a nun. In recent times, the Catholic Church’s opposition to birth control, plus the pedophile and cover-up scandals, further alienated me. Like many others, I first viewed Pope Francis as perhaps a breath of fresh air, but little more. After reading his encyclical on environment and justice,


The Future History of Political Economy – Part 2

Thermodynamics in Economics: Revolutionary portent, future history

by Eric Zencey

Ecological Economics represents the extension into economics of the thermodynamic revolution of the nineteenth and twentieth centuries. In physics, that revolution dethroned Newton and brought relativity. In biology, it was midwife to the birth of ecology, the study of ecosystems as wholes in which energy networks—food webs—are a defining structure. In chemistry the laws of thermodynamics brought clarity and rigor to a science that struggled to bring theoretical unity to diverse phenomena.


The Future History of Political Economy – Part 1

Economics Ignores Thermodynamics

by Eric Zencey

Editor’s Note: An earlier version of this essay appeared as a comment in the Great Transition Network Forum, which will appear on the Great Transition Initiative website next week along with a new essay by Herman Daly, “Economics for a Full World.”

Ecological Economics and its corollary, Steady State Economic thinking, represent a step forward for the discipline of economics and also a return to how it was practiced in the past.


Seismic Political Shifts Reveal Desire for Serious Change

by James Magnus-Johnston

If you demonstrate to people that the NDP [New Democratic Party] can win in Alberta, suddenly anything seems possible. —Paul Fairie, University of Calgary political scientist

 

On the problematic political spectrum, neither the right nor the left have become wholesale champions of the steady state economy. Then again, embracing something perceived as ‘new’ has never been the strong suit of the politician.


Progress Toward a True-Cost Economy Now Comes From Developments in Renewable Energy

by Brent Blackwelder

A renewable energy revolution is sweeping the planet. This revolution has profound implications because it signals that the global economy is moving to stop the growth of our human carbon footprint.

The global economy has run for a century primarily on fossil fuels but is now undergoing a rapid transition to a global economy based significantly on rooftop solar, wind, and efficiency. This is a tangible movement toward a steady state economy because with wind and solar,


Preempting a Misleading Argument: Why Environmental Problems Will Stop Tracking with GDP

Brian explains how GDP growth will eventually stop tracking with environmental damage–but the reasons may not be what you’d expect!


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.


Earth Day Message: Double the Native Forest Cover

This Earth Day, Brent Blackwelder urges us to double the current amount of native forest cover.