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A Journey of No Return, Not a Circular Economy

By Herman Daly

The economic process is not a mechanical analog that can be run forward and backward, nor a circular process that can return to any previous state. Rather it is an irreversible and irrevocable process moving in the direction of time’s arrow of increasing entropy [1]. Finitude and entropy guarantee that the economic life of our species will be a journey of no return. Therefore even a stationary economy, in the classical sense of constant population and constant capital stock, is ultimately a journey of no return, because the metabolic throughput of matter and energy required to maintain constant stocks of people and physical capital, in the face of depreciation and death, is an entropic flow from ever less concentrated sources to ever filling sinks – and both sources and sinks are finite.


The Hidden Costs of Cheater Economics on Human Health & the Future of Life on Earth

Brent Blackwelder provides an overview of some of the ecological costs of economic growth, as presented in Tony Juniper’s latest book, What has Nature Ever Done for Us?


Neoclassical Economist Recants Key Article of Faith

Eric Zencey explains why GDP is an indicator for amnesiacs.


Ecosystem Services: The Traveling Salesman and the Trophic Conundrum

Valuation of ecosystem services is an important, but insufficient, step toward achieving a sustainable economy.


National Wildlife Federation Adopts Key Element of Steady-State Thinking

Strong support for kicking GDP to the curb just got stronger.