The Negative Natural Interest Rate and Uneconomic Growth
The next nonsensical strategy for maintaining the dream of endless GDP expansion? Negative interest rates!
Posts
Growth and Laissez-faire
/5 Comments/in Economic Growth, Economic Policy, Energy, Environment, Steady State Economy, Sustainability, The Daly News /by Brian CzechLaissez-faire takes on a new meaning — it is the ecosystem, not the economy that must be “left alone” to manage itself and evolve by its own rules.
Book Review: The Failure of Laissez Faire Capitalism and the Economic Dissolution of the West by Paul Craig Roberts
/2 Comments/in Economic Growth, Economic Policy, Environment, Jobs and Employment, Steady State Economy, The Daly News /by Brian CzechIt’s rare to find a Wall Street Journal columnist (and a Ronald Reagan appointee) calling for a steady-state economy.
The Populations Problem
/20 Comments/in Economic Growth, Environment, Food and Agriculture, Population, The Daly News /by Brian CzechHerman Daly offers an original take on the tired debate of “too many people vs. too much consumption” — a spot-on reframing of a critical issue.
Uneconomic Growth Deepens Depression
/8 Comments/in Climate Change, Consumption, Economic Growth, Economic Policy, Environment, Governance, Steady State Economy, Sustainability, Technology, The Daly News /by Brian CzechHerman Daly makes the case against using obsolete growth policies to dig out of the recession, and he issues a challenge to technological optimists.
A New View of Work
/8 Comments/in Corporate Reform, Economic Growth, Economic Policy, Jobs and Employment, Sustainability, The Daly News /by Brian CzechA cultural shift is necessary to gain widespread support for a shorter work week.
A Shift in the Burden of Proof
/1 Comment/in Economic Growth, Economic Policy, Steady State Economy, The Daly News /by Brian CzechThe World Bank and other proponents of growth need to prove that growth is actually “economic” instead of “uneconomic.”