Banks should not be allowed to live the alchemist’s dream by creating money out of nothing and lending it at interest.
Herman Daly’s synthesis will leave you questioning the most ingrained economic assumptions of our times.
Herman Daly makes the case against using obsolete growth policies to dig out of the recession, and he issues a challenge to technological optimists.
Of course, it’s better to be rich than poor, but the conventional approaches for making us rich — GDP growth and free trade — no longer apply.
Good and bads, wealth and illth — economic growth produces them all. But how big are the bads and how damaging is the illth?