Posts


Would the Steady State Economy Be a Miracle?

by Herman Daly

Many people think that advocating a steady state economy is like wishing for a miracle. I understand their reasoning and take their point—in the present era of growthism, it does seem rather like advocating a miracle. But that raises the question of exactly what is a miracle? And how many other miracles are we wishing for these days? Of course, science, by definition of its method, rules out the existence of miracles,


The Future History of Political Economy – Part 2

Thermodynamics in Economics: Revolutionary portent, future history

by Eric Zencey

Ecological Economics represents the extension into economics of the thermodynamic revolution of the nineteenth and twentieth centuries. In physics, that revolution dethroned Newton and brought relativity. In biology, it was midwife to the birth of ecology, the study of ecosystems as wholes in which energy networks—food webs—are a defining structure. In chemistry the laws of thermodynamics brought clarity and rigor to a science that struggled to bring theoretical unity to diverse phenomena.


The Future History of Political Economy – Part 1

Economics Ignores Thermodynamics

by Eric Zencey

Editor’s Note: An earlier version of this essay appeared as a comment in the Great Transition Network Forum, which will appear on the Great Transition Initiative website next week along with a new essay by Herman Daly, “Economics for a Full World.”

Ecological Economics and its corollary, Steady State Economic thinking, represent a step forward for the discipline of economics and also a return to how it was practiced in the past.


Seismic Political Shifts Reveal Desire for Serious Change

by James Magnus-Johnston

If you demonstrate to people that the NDP [New Democratic Party] can win in Alberta, suddenly anything seems possible. —Paul Fairie, University of Calgary political scientist

 

On the problematic political spectrum, neither the right nor the left have become wholesale champions of the steady state economy. Then again, embracing something perceived as ‘new’ has never been the strong suit of the politician.


Preempting a Misleading Argument: Why Environmental Problems Will Stop Tracking with GDP

Brian explains how GDP growth will eventually stop tracking with environmental damage–but the reasons may not be what you’d expect!


War and Peace and the Steady State Economy

Herman Daly discusses the natural alliances between peacemakers and steady staters, and between the growth economy and warfare.


Earth Day Message: Double the Native Forest Cover

This Earth Day, Brent Blackwelder urges us to double the current amount of native forest cover.


When Growth Trumps Freedom: the Chill in Canada Comes from our Government, not the Weather

Some politicians will go quite far to cling to an aging growth-at-all-costs narrative.


Potential New Allies in the Effort to Achieve a Sustainable True Cost Economy

Dr. Blackwelder discusses how those in faith-based communities can become powerful allies for those of us seeking an economy that meets peoples’ needs without undermining the life support systems of the planet.