Posts


Measuring Ecological Limits: The United States and the World

by Peri Dworatzek

The science is clear: Our rate of economic activity is having disastrous impacts on the environment, starting with the climate so crucial to our survival. Economic activities require the use of natural resources and systematically entail pollution. Resources eventually get used up, as does the capacity of the planet to assimilate waste. We are reminded of Herman Daly’s long-running emphasis that the economy is a subsystem of the environment,


Inflation through the Lens of the Trophic Theory of Money

by Danish Hasan Ansari

In its simplest sense, inflation is an increase in the prices of goods and services. For instance, if the price of a certain good is $10 and in the next month the price increases to $12, the inflation on that item over one month is 20%. Many economists consider low levels of inflation sustained over time to be normal in a functioning economy. However,


The Economic Priority of the Seven Wealthiest Countries: More Wealth

by Alix Underwood

Almost half of humanity lives below $6.85 per day. This population does not consume goods and services at a rate exceeding Earth’s capacity. Yet here we sit, on the wrong side of six of the nine planetary boundaries identified by the Stockholm Resilience Centre.

How did we get here? Via the economic activity of the other half of humanity. The planet, and all its inhabitants,


The Green New Deal: What’s Really Green and What’s Really New

by Brian Czech

Ask Americans what the Green New Deal is all about, and you’ll get two basic answers. Most often you’ll hear, “It’s about moving to renewable energy in order to fight climate change.” You’ll also hear, from a camp further right, “It’s all about socialism!”

Either way, the really green, really new feature is overlooked. What the Green New Deal is really about is the transition to a steady state economy.