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,
By Max Kummerow
Adelyne More’s 1917 feminist pamphlet Fecundity and Civilization stated flatly that population stabilization “is the most effective way of ensuring the cessation of war.”[1] All species’ potential rates of reproduction enable exponential population growth. Population numbers are kept within environmental capacity by rising mortality as populations increase. Ecologists call this process “density-dependent mortality.” Many “group-selected” social species fight territorial wars as populations grow, such as chimpanzees,
MIT-PhD-IMF-BMW. Although this career path may benefit specific economists, it fails to serve the common good.
Money is not wealth, but a claim on wealth. Widespread understanding of that distinction can change the world.