Herman Daly is probably the most prominent advocate of the need for
a change in economic thinking in response to environmental crisis.
an iconoclast economist who has worked as a renegade insider at the
World Bank in recent years, Daly has argued for overturning some
basic economic assumptions. He has a wide and growing reputation
among environmentalists, both inside and outside the academy. Daly
argues that if sustainable development means anything at this
historical moment, it demands that we conceive of the economy as
part of the ecosystem and, as a result, give up on the ideal of
economic growth. We need a global understanding of developing
welfare that does not entail expansion. These simple ideas turn out
to be fundamentally radical concepts, and basic ideas about
economic theory, poverty, trade, and population have to be
discarded or rethought, as Daly shows in careful, accessible
detail. These are questions with enormous practical consequences.
Daly argues that there is a real fight to control the meaning of
"sustainable development", and that conventional economists and
development thinkers are trying to water down its meaning to
further their own ends. Beyond Growth is an argument that will turn
the debate around.
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