Posts


Book Review: Falter by Bill McKibben

By Herman Daly Thanks to Bill McKibben, not just for his new book but for 30 years of honest, eloquent, and insightful environmental writing and activism. He begins Falter by pointing out that “the human game we’ve been playing has no rules and no end, but it does come with two logical imperatives. The first is […]


KYIV COMMUNIQUÉ

On the Environmental Impact and Economic Sustainability of Nord Stream 2 and Other Sub-Marine Natural Gas Pipelines Kyiv, November 6, 2019   Summary Representatives of the Ukraine National Academy of Sciences, National Technical University of Ukraine, Ukrainian National Forestry University, Naftogaz Board for Science and Technologies, Institute of Market Problems and Ecological Economics Research, Ukrainian […]


[Book Review] Empty Planet: The Shock of Global Population Decline

by Max Kummerow In Empty Planet: The Shock of Global Population Decline (Crown Publishing Group, New York, 2019) Darrell Bricker and John Ibbitson argue that population decline will bring many social and economic changes—some good, some bad. They assert that “In three decades, give or take…global population starts to decline.” Note that their title is […]


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 […]


What About Innovating Beyond the Growth Trap? A Challenge to the Ecofiscal Commission’s Growth Fixation

By James Magnus-Johnston A new voice has emerged recently in Canada called the “Ecofiscal Commission,” which could have the funding, clout, and determination to steer the country in a more promising direction. The group includes high-profile economists, former political leaders, and high-powered financiers. They define “ecofiscal policy” as something that “corrects market price signals to […]


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 […]


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 […]


Progress Toward a True-Cost Economy Now Comes From Developments in Renewable Energy

by Brent Blackwelder A renewable energy revolution is sweeping the planet. This revolution has profound implications because it signals that the global economy is moving to stop the growth of our human carbon footprint. The global economy has run for a century primarily on fossil fuels but is now undergoing a rapid transition to a global […]


The New Economy versus Today’s Flat Earthers

Mainstream economists base their recommendations on the idea that the Earth is somehow infinite–a notion equally absurd as the idea that the Earth is flat.


The One Percent: Not Kristallnacht but Lebensraum

The purchase of expensive luxury goods requires an agricultural and extractive surplus at the base of the economy–this is the “tropic theory of money.”