No follow-up should be needed to expose the ludicrousness of Nordhaus’s statement, but just in case: Agriculture is the very foundation of the economy. No agriculture, no anything else. Think about it. Any hit on agriculture – whether from climate change, bad luck, or stupid policies – has a magnified effect on the economy at large.
Herman Daly explains Frederick Soddy’s far-reaching economic insight, and he comes up with a doozy of a conclusion.
MIT-PhD-IMF-BMW. Although this career path may benefit specific economists, it fails to serve the common good.
Infinite planet theory gets a well-deserved nod from the establishment.
Hazel Henderson, a true champion of the steady state economy, digs deep into the deficiencies of our economic and financial systems.