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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 […]


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.”


Enough: the Central Concept in Economics

In his foreword to the book, Enough Is Enough, Herman Daly contemplates the role of sufficiency in obtaining “the good life.”


Real Economies and the Illusions of Abstraction

Hazel Henderson, a true champion of the steady state economy, digs deep into the deficiencies of our economic and financial systems.