Posts


Appropriate Scarcity

by Robert A. Herendeen

  … appealing to people to restrain themselves [by] self-enforced abstinence alone is a waste of time. By and large, we consume as much as our incomes allow…. changes… cannot take place without constraints that apply to everyone rather than everyone else. Manmade global warming cannot be restrained unless we persuade the government to force us to change the way we live.

—George Monbiot, Heat (2006/2009)

The results indicate that the likelihood of paying a positive amount for supporting renewable energy is higher under a mandatory scheme compared to a voluntary payment option in the UK.


Five Myths About Economic Growth

by Brian Czech
Myth #1. It’s economic.

To be economic, something has to be worth more than it costs. Economic activity, per se, is more beneficial than detrimental. Technically speaking, “marginal utility is greater than marginal disutility.”

If you liked a rug, but liked your grandkids more, it wouldn’t be smart to grab the rug out from under them. That’s basic microeconomics. Yet if we look around and reflect a bit,


The Pope Francis Encyclical And Its Economics

by Brent Blackwelder

The Encyclical Letter of Pope Francis is attracting extraordinary attention for its message on global warming, deforestation, loss of biological diversity, and other pressing environmental issues. What is less well known is the extensive critique of the global economy found in his 184-page Encyclical. This blog highlights some of the significant points that Pope Francis makes about the need for systemic economic change.

Although the Pope does not use the phrase “steady state economy”


Good Health Requires Different Economics

by Trevor Hancock

For the past three years, I have been leading an important project for the Canadian Public Health Association (CPHA), which led to the release on May 25th of our Discussion Paper and a 100-page technical report on global change and public health.

In these documents, we identify what we call the “ecological determinants of health”: clean air and water, food, materials, fuel, the great cycles of water,


Paul Krugman on Limits to Growth: Beware the Bathwater

Brian Czech responds to Paul Krugman’s shockingly weak column, which argues against the limits to growth with the example of slow steaming.


Cold War Leftovers

Daly challenges the assertion that a steady-state economy is inherently capitalistic and must be instead be based on a socialist system.


Piketty Acknowledges a Limit to Inequality–Will He Acknowledge the Limits to Growth?

We are going to need more than a wealth tax to fix our economy.


Gross Domestic Problem: Don’t Shoot the Measurement

GDP growth is creating more problems than it solves–which is exactly why we need to keep calculating and monitoring it.