Posts


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.


Unlimited Competition Is Not Sustainable

Running in place on a treadmill, the agricultural sector illustrates how continuous competition leads to nowhere.


Sustaining our Commonwealth of Nature and Knowledge

How can we get a sustainable, fair, and efficient economy? Herman Daly breaks it down.