From Uneconomic Growth to a Steady-State Economy

From Uneconomic Growth to a Steady-State Economy

Author: Herman E. Daly

Publisher: Edward Elgar Publishing

Published: 2014-11-28

Total Pages: 266

ISBN-13: 1783479973

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øEditorial-style policy essays substantiate Daly�s argument and he provides specific application of steady-state economics to important current issues, including monetary reform, tax reform, international trade and population. The book also includes di


Ecological Economics and Sustainable Development

Ecological Economics and Sustainable Development

Author: Herman E. Daly

Publisher: Edward Elgar Publishing

Published: 2007

Total Pages: 281

ISBN-13: 1847206948

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This clear-thinking collection brings together 25 of Daly s essays, speeches, reviews and testimonials from the past decade. . . as a whole they provide a useful masterclass on the principles of ecological economics. Daly s vision, as well as his frustration with mainstream economists refusal to engage with his arguments, comes through loud and clear. New Scientist It s hard to imagine ecological economics without the numerous and profound contributions of Herman Daly. These papers reveal the consistency of his analysis and clarity of exposition that have made him one of the most influential economists of his generation. Because of Herman Daly we have a much better understanding of how economies relate to the environment, why so much is wrong with this relationship and what must be done to fix it. Peter Victor, York University, Canada This thrilling compilation outlines the origins of the young discipline of ecological economics by the intellectual leader of the movement, Herman Daly. He recounts how, as a member of the recently demoted environment department at the World Bank, he integrated ecology with economics during his six years in the bowels of the beast. Herman lucidly and compellingly combines common sense with profound understanding of both economics and ecology to arrive at sustainable solutions to the global problematique. Herman s rigorous yet compassionate solutions to climate change, peak oil, globalization vs. internationalization, poverty reduction, and the unsung concept of scale leading to uneconomic growth, are precisely what we need to prevent the current liquidation of our beautiful world. This book will galvanize you into the action we need so much. Robert Goodland, Environmental adviser, World Bank Group, 1978 2001 In this book, written in crystal clear style, Herman Daly reiterates the main points of his analysis and vision, he praises some teachers (John Ruskin, Frederick Soddy, Nicholas Georgescu-Roegen, Kenneth Boulding), he fearlessly attacks some adversaries in the World Bank and MIT, and he offers some advice to the government of his own country, to the Russian Duma, and especially to OPEC that, if followed, would change the world very much for the better. Finally, on a different line of thought, he interrogates conservation biologists on their reasons for wanting to keep biodiversity since, as biologists, they claim that evolution has no particular purpose. Why not let the Sixth Great Extinction run its course? In other words, science cannot provide an ethics of conservation, which Herman Daly finds in religion more than in democratization deliberations. Joan Martinez-Alier, Universitat Autonòma de Barcelona, Spain Ecological Economics and Sustainable Development comprises a carefully chosen selection of some 25 articles, speeches, congressional testimonies, reviews, and critiques from the last ten years of Herman Daly s ever-illuminating work. This book seeks to identify the blind spots and errors in standard growth economics, alongside the corrections that ecological economics offers to better guide us toward a sustainable economy one with deeper biophysical and ethical roots. Under the general heading of sustainability and ecological economics, many specific topics are here brought into relation with each other. These include: limits to growth; full-world versus empty-world economics; uneconomic growth; definitions of sustainability; peak oil; steady-state economics; allocation versus distribution versus scale issues; non-enclosure of rival goods and enclosure of non-rival goods; production functions and the laws of thermodynamics; OPEC and Kyoto; involuntary resettlement and development; resource versus value-added taxation; globalization versus internationalization; immigration; climate change; and the philosophical presuppositions of policy, including the policies suggested in connection with the topics above. This fascinating work will appeal to scholars and academics of ecol


Uneconomic Growth

Uneconomic Growth

Author: Fouad Sabry

Publisher: One Billion Knowledgeable

Published: 2024-02-06

Total Pages: 320

ISBN-13:

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What is Uneconomic Growth When economic growth either reflects or causes a reduction in the quality of living, this type of growth is referred to as uneconomic growth. Human development theory, welfare theory, and ecological economics are all examples of fields that make use of this notion. Although it is commonly believed that ecological economist Herman Daly is the originator of the concept, it is possible that other thinkers may also be credited with its conception. As Daly points out, "uneconomic growth occurs when increases in production come at an expense in resources and well-being that is worth more than the items made." One school of thought contends that the cost, or reduction in well-being, that is linked with prolonged economic expansion is the result of "the social and environmental sacrifices made necessary by that growing encroachment on the eco-system." How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Uneconomic growth Chapter 2: Economic growth Chapter 3: Ecological economics Chapter 4: Energy economics Chapter 5: Overconsumption (economics) Chapter 6: Ecological modernization Chapter 7: Genuine progress indicator Chapter 8: Jevons paradox Chapter 9: Green economy Chapter 10: Herman Daly Chapter 11: Steady-state economy Chapter 12: Nicholas Georgescu-Roegen Chapter 13: Rebound effect (conservation) Chapter 14: Degrowth Chapter 15: Regenerative economic theory Chapter 16: Eco-economic decoupling Chapter 17: Post-growth Chapter 18: Dematerialization (economics) Chapter 19: Ecomodernism Chapter 20: Giorgos Kallis Chapter 21: Growth imperative (II) Answering the public top questions about uneconomic growth. (III) Real world examples for the usage of uneconomic growth in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Uneconomic Growth.


The Economics of Arrival

The Economics of Arrival

Author: Trebeck, Katherine

Publisher: Policy Press

Published: 2019-01-15

Total Pages: 320

ISBN-13: 1447337263

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What do we want from economic growth? What sort of a society are we aiming for? In everyday economics, there is no such thing as enough, or too much, growth. Yet in the world’s most developed countries, growth has already brought unrivalled prosperity: we have ‘arrived’. More than that, through debt, inequality, climate change and fractured politics, the fruits of growth may rot before everyone has a chance to enjoy them. It’s high time to ask where progress is taking us, and are we nearly there yet? In fact, Trebeck and Williams claim in this ground-breaking book, the challenge is now to make ourselves at home with this wealth, to ensure, in the interests of equality, that everyone is included. They explore the possibility of ‘Arrival’, urging us to move from enlarging the economy to improving it, and the benefits this would bring for all.


Beyond Uneconomic Growth

Beyond Uneconomic Growth

Author: Joshua Farley

Publisher: Edward Elgar Publishing

Published: 2016

Total Pages: 372

ISBN-13: 1783472499

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'Daly's contributions to the still emergent field of ecological economics are constant references for our peers throughout the developing world as well as in the North. His courageous tilting at the windmills of mainstream economic nonsense inspire us to continue questioning: in whose interests do we continue on a perpetual search for unlimited material satisfaction? Daly's conception is not only of a world restricted by biophysical limits, but also one in which poverty and deprivation are commonplace, and where Sisyphean efforts to maintain accelerated economic growth only exacerbate inequitable distribution. His vision of sustainable economic welfare shed light on other aspects of our existence which make it worth living. Thanks to Farley, Rees, El Serafy, Goodland and other fellow travelers, we are bestowed with an excellent collection synthesizing Daly's contributions to our work, which will inspire our youth and their children long after we too depart.' - Peter H. May, President, Brazilian Society for Ecological Economics (ECOECO) 'Contributed by several eminent thinkers, the chapters in this book herald the paradigm shift that is needed to save the scientific framework of economics. In spite of the conceptual inconsistencies, GDP continues to be accepted by the nation states as the singular parameter to comprehensively describe the health of their economy. What gets easily hidden behind 'Market Failures ' is actually the success of cost-shifting on the heads of the ignorant and marginalized people as 'price for economic growth'. The chapters eloquently establish the need for moving beyond the religious faith on a paradigm that is facing fundamental conceptual challenges but has not addressed them with due seriousness. What is a greater contribution of this collection is the identification of the gaps in knowledge of economics that need to be filled-up to arrive at some basic articulations of the new paradigm that can throw some light on what is ecologically and socially 'Sustainable Development'.' - Jayanta Bandyopadhyay, Past President, The Indian Society for Ecological Economics 'The title Beyond Uneconomic Growthcaptures both the core of Herman Daly's key message and the linguistic mastery that makes his texts so enjoyable to read. The book forms a great tribute to the work of Herman Daly by gathering a distinguished set of contributors, covering a a wide variety of the topics that Daly has dealt with, and pointing in new directions.' - Inge Røpke, Aalborg University, Denmark This engaging book brings together leading ecological economists to collectively present a definitive case for looking beyond economic growth as the sole panacea for the world's ecological predicament. Grounded in physics, ecology, and the science of human behavior, contributors show how economic growth itself has become ''uneconomic'' and adds to a ravaging of both social and ecological cohesion. Guided by a clear moral vision that prioritizes sustainability and justice over profit, the authors provide a blueprint for an economy that replaces quantitative growth with qualitative improvement to enhance human welfare while restoring degraded ecosystems. They present solutions for many of today's challenges, ranging from global climate change and biodiversity loss to natural resource depletion. This interdisciplinary work not only relates ecological economics theory to the most urgent predicaments of the contemporary world, but also pays tribute to the work of Herman Daly, a leading pioneer of modern ecological economics. Researchers and faculty studying and teaching ecological economics and environmental studies will find value in this unprecedented book. It will also be of interest to practitioners working to solve a variety of global environmental issues.


Sustainability and the New Economics

Sustainability and the New Economics

Author: Stephen J. Williams

Publisher: Springer Nature

Published: 2021-12-09

Total Pages: 342

ISBN-13: 3030787958

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This multidisciplinary book provides new insights and hope for sustainable prosperity given recent developments in economics – but only if swift and strong actions consistent with Earth’s biophysical limits and principles of justice are universally taken. It is one thing to put limits on resource throughput and waste generation to conform with the ecosphere’s biocapacity. It is another thing to efficiently allocate a sustainable rate of resource throughput and ensure it is equitably distributed in the form of final goods and services. While the separate but interdependent decisions regarding throughput, distribution, and allocation are the essence of ecological economics, dealing with them in a world that needs to cure its growth addiction requires a realistic understanding of macroeconomics and the fiscal capacity of currency-issuing central governments. Sustainable prosperity demands that we harness this understanding to carefully regulate the rate of resource throughput and manipulate macroeconomic outcomes to facilitate human flourishing. The book begins by outlining humanity’s current predicament of gross ecological overshoot and laments the half-century of missed opportunities since The Limits to Growth (1972). What was once economic growth has become, in many high-income countries, uneconomic growth (additional costs exceeding additional benefits), which is no longer advancing wellbeing. Meanwhile, low-income nations need a dose of efficient and equitable growth to escape poverty while protecting their environments and the global commons. The book argues for a synthesis of our increasing knowledge of the ecosphere’s limited carrying capacity and the power of governments to harness, transform, and distribute resources for the common good. Central to this synthesis must be a correct understanding of the difference between financial constraints and real resource constraints. While the latter apply to everyone, the former do not apply to currency-issuing central governments, which have much more capacity for corrective action than mainstream thinking perceives. The book joins the growing chorus of authoritative voices calling for a complete overhaul of the dominant economic system. We conclude with policy recommendations based on a new economics that, if implemented, would come close to guaranteeing a sustainable and prosperous future. Upon reading this book, at least one thing should be crystal clear: business as usual is not a viable option.


The End of Growth

The End of Growth

Author: Richard Heinberg

Publisher: Rudolf Steiner Press

Published: 2012-07-09

Total Pages: 404

ISBN-13: 1905570511

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Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to drop, and governments stagger under record deficits. The End of Growth proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable, natural limits. Richard Heinberg's latest landmark work goes to the heart of the ongoing financial crisis, explaining how and why it occurred, and what we must do to avert the worst potential outcomes. Written in an engaging, highly readable style, it shows why growth is being blocked by three factors: Resource depletion; Environmental impacts, and; Crushing levels of debt. These converging limits will force us to re-evaluate cherished economic theories, and to reinvent money and commerce. The End of Growth describes what policy makers, communities and families can do to build a new economy that operates within Earth's budget of energy and resources. We can thrive during the transition if we set goals that promote human and environmental well-being, rather than continuing to pursue the now-unattainable prize of ever-expanding Gross Domestic Product.


Sustainable Development

Sustainable Development

Author: Jurgen Schmandt

Publisher:

Published: 2000

Total Pages: 223

ISBN-13: 9780511048357

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"Demographers predict that world population will double to around 12 billion people during the first half of the twenty-first century and then begin to level off. Based on this scenario, Sustainable Development: The Challenge of Transition examines what societal changes must occur over the next generation to ensure a successful transition to sustainability. A successful transition must provide for the needs of these people within the constraints of the natural environment. An array of prominent authors presents a broad discussion of the dimensions of sustainable development: not just economic and environmental, but also spiritual and religious, corporate and social, scientific and political. Unlike other books on the subject, this volume provides insightful policy recommendations about how business, government, and individuals must change their current values, priorities, and behavior to meet these challenges. These types of changes ordinarily take many decades to occur, so it is important to begin making them now, before the problems are overwhelming and more costly. This volume will appeal to scholars and decision makers interested in global change, environmental policy, population growth, and sustainable development, and also to corporate environmental managers."--Publisher's description.


Ecological Economics, Second Edition

Ecological Economics, Second Edition

Author: Herman E. Daly

Publisher: Island Press

Published: 2011-01-26

Total Pages: 541

ISBN-13: 1597269913

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In its first edition, this book helped to define the emerging field of ecological economics. This new edition surveys the field today. It incorporates all of the latest research findings and grounds economic inquiry in a more robust understanding of human needs and behavior. Humans and ecological systems, it argues, are inextricably bound together in complex and long-misunderstood ways. According to ecological economists, conventional economics does not reflect adequately the value of essential factors like clean air and water, species diversity, and social and generational equity. By excluding biophysical and social systems from their analyses, many conventional economists have overlooked problems of the increasing scale of human impacts and the inequitable distribution of resources. This introductory-level textbook is designed specifically to address this significant flaw in economic thought. The book describes a relatively new “transdiscipline” that incorporates insights from the biological, physical, and social sciences. It provides students with a foundation in traditional neoclassical economic thought, but places that foundation within an interdisciplinary framework that embraces the linkages among economic growth, environmental degradation, and social inequity. In doing so, it presents a revolutionary way of viewing the world. The second edition of Ecological Economics provides a clear, readable, and easy-to-understand overview of a field of study that continues to grow in importance. It remains the only stand-alone textbook that offers a complete explanation of theory and practice in the discipline.


Uneconomic Economics and the Crisis of the Model World

Uneconomic Economics and the Crisis of the Model World

Author: M. Watson

Publisher: Springer

Published: 2014-01-17

Total Pages: 119

ISBN-13: 1137385499

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What has gone wrong with economics? Economists now routinely devise highly sophisticated abstract models that score top marks for theoretical rigour but are clearly divorced from observable activities in the current economy. This creates an 'uneconomic economics', where models explain relationships in blackboard rather than real-life markets.