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In this controversial book Herman Daly, a leading commentator on
the environment, offers lively criticism of existing work on
ecological economics and the economics of ecology. The theme
throughout the book is about changes in perspective, attitudes and
policies required to avoid uneconomic growth - that is, the
impoverishment that results when the environmental and social costs
of growth exceed the benefits. Key issues addressed include: *
growth economics * misunderstandings of thermodynamics * economic
development and population * globalization * money * humans in the
ecosystem. This major new book will be of interest to economists,
ecologists, environmentalists, public policy scholars and activists
as well as social philosophers.
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 ecological, environmental, development, and
environmental resource economics and studies.
This book gives an overview of the problem of providing economics
with a biophysical foundation, explains the importance of energy in
economic valuation and aims to develop novel ways of evaluating the
physical constraints of our planet and the services provided by the
natural environment.
This timely collection of essays is a magnificent testament to
Daly's pioneering work over four decades. Armed with clear
scientific principles and an unfailing logic, Daly sets out on an
urgent quest to develop an economics fit for purpose on a finite
planet. The originality and clarity of thought revealed in this new
collection is extraordinary. It cements Daly's status as the most
visionary economist of our time.' - 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
This book gives an overview of the problem of providing economics
with a biophysical foundation, explains the importance of energy in
economic valuation and aims to develop novel ways of evaluating the
physical constraints of our planet and the services provided by the
natural environment.
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 ecological, environmental, development, and
environmental resource economics and studies.
This timely collection of essays is a magnificent testament to
Daly's pioneering work over four decades. Armed with clear
scientific principles and an unfailing logic, Daly sets out on an
urgent quest to develop an economics fit for purpose on a finite
planet. The originality and clarity of thought revealed in this new
collection is extraordinary. It cements Daly's status as the most
visionary economist of our time.' - 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
In this controversial book Herman Daly, a leading commentator on
the environment, offers lively criticism of existing work on
ecological economics and the economics of ecology. The theme
throughout the book is about changes in perspective, attitudes and
policies required to avoid uneconomic growth - that is, the
impoverishment that results when the environmental and social costs
of growth exceed the benefits. Key issues addressed include: *
growth economics * misunderstandings of thermodynamics * economic
development and population * globalization * money * humans in the
ecosystem. This major new book will be of interest to economists,
ecologists, environmentalists, public policy scholars and activists
as well as social philosophers.
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.
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.
Valuing the Earth collects more than twenty classic and recent
essays that broaden economic thinking by setting the economy in its
proper ecological and ethical context. They vividly demonstrate
that, contrary to current macroeconomic preoccupations, continued
growth on a planet of finite resources cannot be physically or
economically sustained and is morally undesirable.Among the issues
addressed are population growth, resource use, pollution, theology
(east and west), energy, and economic growth. Their common theme is
the notion, popular with classical economists from Malthus to Mill,
that an economic stationary state is more healthful to life on
earth than unlimited growth. A number of essays in the first
edition have become classics and have been retained for this
edition, which adds six new essays.Herman E. Daly is Senior
Economist at the World Bank. Kenneth N. Townsend is Associate
Professor and Chair of the Department of Economics at
Hampden-Sydney College.Contributors: Kenneth E. Boulding. John
Cobb. Herman E. Daly. Anne H. Ehrlich. Paul R. Ehrlich. Nicholas
Georgescu-Roegen. Garrett Hardin. John P. Holdren. M. King Hubbert.
C. S. Lewis. E. F. Schumacher. Gerald Alonzo Smith. T. H.
Tietenberg. Kenneth N. Townsend.
Ecological economics addresses one of the fundamental flaws in
conventional economics--its failure to consider biophysical and
social reality in its analyses and equations. Ecological Economics:
Principles and Applications is an introductory-level textbook that
offers a pedagogically complete examination of this dynamic new
field.
As a workbook accompanying the text, this volume breaks new ground
in applying the principles of ecological economics in a problem- or
service-based learning setting. Both the textbook and this workbook
are situated within a new interdisciplinary framework that embraces
the linkages among economic growth, environmental degradation, and
social inequity in an effort to guide policy in a way that respects
fundamental human values. The workbook takes the approach a step
further in placing ecological economic analysis within a systems
perspective, in order to help students identify leverage points by
which they can help to affect change. The workbook helps students
to develop a practical, operational understanding of the principles
and concepts explored in the text through real-world activities,
and describes numerous case studies in which students have
successfully completed projects.
Ecological Economics: A Workbook for Problem-Based Learning
represents an important new resource for undergraduate and graduate
environmental studies courses focusing on economics, environmental
policy, and environmental problem-solving.
As a broad concept, 'globalization' denotes the declining
significance of national boundaries. At a deeper level,
globalization is the proposition that nation-states are losing the
power to control what occurs within their borders and that what
transpires across borders is rising in relative significance. The
Ethical Dimensions of Global Development: An Introduction, the
fifth book in Rowman & Littlefield's Institute for Philosophy
and Public Policy Studies series, discusses key questions
concerning globalization and its implications, including: Can
general ethical principles be brought to bear on questions of
globalization? Do economic development and self-government require
a duty of care? Is economic destiny crucial to individual autonomy?
This collection provides readers with current information and
useful insights into this complex topic.
As a broad concept, 'globalization' denotes the declining
significance of national boundaries. At a deeper level,
globalization is the proposition that nation-states are losing the
power to control what occurs within their borders and that what
transpires across borders is rising in relative significance. The
Ethical Dimensions of Global Development: An Introduction, the
fifth book in Rowman & Littlefield's Institute for Philosophy
and Public Policy Studies series, discusses key questions
concerning globalization and its implications, including: Can
general ethical principles be brought to bear on questions of
globalization? Do economic development and self-government require
a duty of care? Is economic destiny crucial to individual autonomy?
This collection provides readers with current information and
useful insights into this complex topic.
Scholars in diverse fields now agree on the importance of
investigating the impact of consumption practices on the global
environment, quality of life, and international justice. In this
comprehensive collection of essays, most of which appear for the
first time, eminent scholars from many disciplines-philosophy,
economics, sociology, political science, demography, theology,
history, and social psychology-examine the causes, nature, and
consequences of present-day consumption patterns in the United
States and throughout the world. Specifically, the essays evaluate
the impact of consumption practices on our own lives, our
institutions, other people, and the environment. The contributors
give explicit attention to the principles relevant for a
consumption ethic, as well as to the policies and practices that
such an ethic permits or requires. These engaging, jargon-free
essays frame the problem of consumption in a variety of ways,
challenging readers to see the issue from new perspectives. For
scholars and students from across the disciplines, as well as for
environmental and consumer activists, this volume will serve as the
touchstone for discussions of consumption and global stewardship.
Winner of the Grawemeyer Award for Ideas Improving World Order
1992, Named New Options Best Political Book
Economist Herman Daly and theologian John Cobb, Jr., demonstrate
how conventional economics and a growth-oriented industrial economy
have led us to the brink of environmental disaster, and show the
possibility of a different future.
Named as one of the Top 50 Sustainability Books by University of
Cambridges Programme for Sustainability Leadership and Greenleaf
Publishing.
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