The World Fertility Transition: Moving Toward a Steady-State Population

“There’s just too many of us and no one is talking about it.” —Biologist Patrick Benson in Meera Subramanian’s, A River Runs Again: India’s Natural World in Crisis   By Max Kummerow It is hard to imagine a growing population supporting a steady state economy. “Jobs” and higher incomes for growing numbers of people anchor […]

Use and Abuse of the “Natural Capital” Concept

Herman Daly explains how we can use prices now as tools for rationing a fixed predetermined flow of resources, rather than determining the volume of resources taken from nature, or the physical scale of the economic subsystem.

Wealth, Illth, and Net Welfare

Good and bads, wealth and illth — economic growth produces them all. But how big are the bads and how damaging is the illth?