Tag Archive for: Thermodynamics

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The Future History of Political Economy – Part 2

June 10, 2015/8 Comments/in Energy, Steady State Economy, The Daly News /by Brian Czech

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

June 3, 2015/2 Comments/in Economic Growth, Economic Policy, Steady State Economy, The Daly News /by Brian Czech

by Eric Zencey

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. In the nineteenth century, economics was a part of a larger enterprise: political economy, the integrated treatment of morals and economics, ultimate ends and efficient means. Late in that century economics calved off from political economy, leaving behind political science and political philosophy as the residuum.

Integrating Ecology and Economics

June 5, 2014/4 Comments/in Economic Growth, Economic Policy, Environment, Governance, Steady State Economy, Sustainability, The Daly News /by Brian Czech

What is the best strategy for incorporating limits to growth into economics?

Economics as if the Laws of Thermodynamics Mattered

May 23, 2012/13 Comments/in Economic Growth, Economic Policy, Environment, Steady State Economy, Sustainability, The Daly News /by Brian Czech

Everyone who participates in the economy should understand the relevance of entropy to economic production and consumption.

Technological Progress for Dummies

January 8, 2012/5 Comments/in Economic Growth, Environment, Steady State Economy, Technology, The Daly News /by Brian Czech

Part 1 of Brian Czech’s explanation of why we can’t rely on technological progress to overcome the limits to economic growth.

Two Schools and the Path to the Steady State Economy

May 15, 2011/10 Comments/in Consumption, Economic Growth, Environment, Steady State Economy, Technology, The Daly News /by Brian Czech

Concerned about the fate of civilization? Maybe there’s some good news from an unlikely source.

The Financial Crisis Is the Environmental Crisis

January 5, 2011/13 Comments/in Economic Growth, Economic Policy, Environment, Money and Investments, The Daly News /by Brian Czech

Eric Zencey suggests reforming the monetary system to avoid future economic and ecological calamities.

Real Economies and the Illusions of Abstraction

December 8, 2010/4 Comments/in Economic Growth, Economic Policy, Money and Investments, The Daly News /by Brian Czech

Hazel Henderson, a true champion of the steady state economy, digs deep into the deficiencies of our economic and financial systems.

Presuppositions of Policy

June 20, 2010/3 Comments/in Economic Growth, Economic Policy, Steady State Economy, The Daly News /by Brian Czech

Herman Daly’s address to aspiring policy professionals provides a powerful approach to considering the common good.