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.

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

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.

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.

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.

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.

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.

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.