Advances in Ecological Economics
2 total works
Ecological Economics and Sustainable Development, Selected Essays of Herman Daly
by Herman E. Daly
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 ecological, environmental, development, and environmental resource economics and studies.
- Tim Jackson, Centre for Environmental Strategy, University of Surrey, UK
'Herman Daly has been leading the way on uneconomic growth and steady-state economics for nearly 50 years, and still is. His numerous contributions are increasingly relevant and influential, deeply insightful and unusually accessible to readers from all walks of life. How fortunate we are to have in a single volume so many of Daly's most important papers. Re-reading them is a pleasure and an inspiration, reading them for the first time could very well change your life.'
- Peter A. Victor, York University, Canada
'Herman Daly has helped us to realize that there is economic growth and uneconomic growth. In so doing, he reminds us that the only viable long-term option is a steady-state economy.'
- Lester R. Brown, President of Earth Policy Institute and author of Full Planet, Empty Plates
In this important book, Herman E. Daly lays bare the weaknesses of growth economics and explains why, in contrast, a steady-state economy is both necessary and desirable. Through the course of the book, Daly develops the basic concept and theory of a steady-state economy from the 1970s limits to growth debates. In doing so, he draws on work from the classical economists, through both conflicts and agreements with neo-classical and Keynesian economists, as well as recent debates on uneconomic growth.
Editorial-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 discussion and critique of ethical, as well as biophysical, presuppositions of growth.
From Uneconomic Growth to a Steady-State Economy is essential reading for academics, students and researchers in the fields of ecological economics, environmental studies, economic development, resource economics and public policy.
Contents: Preface 1. Introduction : Envisioning a Successful Steady-State Economy Part I: Early Discussion of Basic Steady-State Concepts 2. The Economics of the Steady State 3. In Defense of a Steady-State Economy Part II: Later Extensions into Standard Economics 4. Towards an Environmental Macroeconomics 5. Growth, Debt, and the World Bank Part III: Recent Revival of the Growth Debate, and Policies for a Steady State 6. A Further Critique of Growth Economics 7. Moving from a Failed Growth Economy to a Steady State Economy 8. Climate Policy: From 'Know How' to 'Do Now' Part IV: Ethical Foundations of a Steady-State Economy 9. Incorporating Values in a Bottom-Line Ecological Economy 10. Ethics in Relation to Economics, Ecology, and Eschatology Part V: Short Essays on Current Issues Related to Growth versus Steady State Index