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.


Are We Hard-Wired to Think We Can Grow Forever?

Is there an evolutionary mechanism stopping us from living within our planetary constraints? If so, can we overcome it before it is too late?


Paul Krugman on Limits to Growth: Beware the Bathwater

Brian Czech responds to Paul Krugman’s shockingly weak column, which argues against the limits to growth with the example of slow steaming.


The New Economy versus Today’s Flat Earthers

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.


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?


Spending on Preventing Climate Wars versus Spending to Secure Sources of Oil

To avoid a fate like the Mayans in Central America and the Polynesians on Easter Island, we will need to move toward a steady state economy–with the help of social scientists and natural scientists.


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!