Below is a link to the online version of Beyond Growth - The Economics of Sustainable Development, by the renowned ecological economist, Herman Daly.
Some of the Figures/illustrations found in the regular book are not in this online text.
http://feineigle.com/static/books/2014/beyond_growth/Beyond%20Growth_The%20Economics%20of%20Sustainable%20Development-Herman%20E.%20Daly-(1997).pdf
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Be Well
Showing posts with label Herman Daly. Show all posts
Showing posts with label Herman Daly. Show all posts
Thursday, July 30, 2020
Tuesday, July 28, 2020
Challenges Faced by Ecological Economics
Preface
The author of the article linked to farther down the page is Professor Brian Czech. Here's a bit about him---
https://steadystate.org/brian-czech/
Not long ago, I became a member of his outfit (of which he's the founding president), CASSE. Here's their Mission statement + their Strategy---
https://steadystate.org/meet/mission/
Join their group and you'll be sent a dynamite, slim volume of essays titled, Best of The Daly News, "from the leading blog in Steady State Economics", and referring to Herman Daly. Read that, and you'll be somewhat of an expert on Steady State Economics. [NOTE: I'm not being paid to promote CASSE.]
.........................................
Ecological Economics and its Challenges
The piece at the link below is an outstanding essay by Professor Czech. It comprehensively describes the history, principles of, and challenges for the academic discipline of ecological economics (eco-econ).
https://steadystate.org/wp-content/uploads/Czech_Ecological_Economics.pdf
If you don't have time now for the entire article, at least read all of Section 5., "Future Directions and Challenges for Ecological Economics" and all of Section 6., "Conclusion". Catch the rest later. You will then have the most concise and cogent understanding of eco-econ I've ever seen.
Some of the topics addressed in the above piece include:
1. a key component of eco-econ, "sustainable scale", which means the size of the economy in relation to the biophysical constraints of its sustaining ecosystem;
2. the influences of classical, neoclassical, and ecological economists on the discipline of macroeconomics;
3. ends, means, and philosophy in economics;
4. allocation of resources;
5. GDP and sustainability;
6. distribution of wealth;
7. ecological implications of the volume and flow of money;
8. de-growth;
9. natural capital valuation in relation to macroeconomics; and more.
......................................
Conclusion
If you really want to be part of the ecological movement, it's necessary to become educated far beyond catch-phrases and sound-bites. On this page alone, you have links to sources which will help advance your eco-socio-education by leaps and bounds. Take advantage. The macro-ecosystem known as Mother Earth needs all the help it can get.
.....................................
Not only my opinion. Be Well, and Happy Trails
The author of the article linked to farther down the page is Professor Brian Czech. Here's a bit about him---
https://steadystate.org/brian-czech/
Not long ago, I became a member of his outfit (of which he's the founding president), CASSE. Here's their Mission statement + their Strategy---
https://steadystate.org/meet/mission/
Join their group and you'll be sent a dynamite, slim volume of essays titled, Best of The Daly News, "from the leading blog in Steady State Economics", and referring to Herman Daly. Read that, and you'll be somewhat of an expert on Steady State Economics. [NOTE: I'm not being paid to promote CASSE.]
.........................................
Ecological Economics and its Challenges
The piece at the link below is an outstanding essay by Professor Czech. It comprehensively describes the history, principles of, and challenges for the academic discipline of ecological economics (eco-econ).
https://steadystate.org/wp-content/uploads/Czech_Ecological_Economics.pdf
If you don't have time now for the entire article, at least read all of Section 5., "Future Directions and Challenges for Ecological Economics" and all of Section 6., "Conclusion". Catch the rest later. You will then have the most concise and cogent understanding of eco-econ I've ever seen.
Some of the topics addressed in the above piece include:
1. a key component of eco-econ, "sustainable scale", which means the size of the economy in relation to the biophysical constraints of its sustaining ecosystem;
2. the influences of classical, neoclassical, and ecological economists on the discipline of macroeconomics;
3. ends, means, and philosophy in economics;
4. allocation of resources;
5. GDP and sustainability;
6. distribution of wealth;
7. ecological implications of the volume and flow of money;
8. de-growth;
9. natural capital valuation in relation to macroeconomics; and more.
......................................
Conclusion
If you really want to be part of the ecological movement, it's necessary to become educated far beyond catch-phrases and sound-bites. On this page alone, you have links to sources which will help advance your eco-socio-education by leaps and bounds. Take advantage. The macro-ecosystem known as Mother Earth needs all the help it can get.
.....................................
Not only my opinion. Be Well, and Happy Trails
Sunday, July 26, 2020
The Bioeconomics of Nicholas Georgescu-Roegen
Preface
Professor Georgescu-Roegen, a Romanian-American masterful mathematician and economist, laid the groundwork (with his Bioeconomics) for the discipline of Ecological Economics (Eco-Econ). Herman Daly, generally acknowledged as the "Father of Eco-Econ", was Georgescu-Roegen's student back in the day.
The article at the link below relates in great detail a small part of the Bioeconomics founder's life. His most famous publication was the book, The Entropy Law and the Economic Process (1971). It's a discussion of a key principle in Eco-Econ.
.......................
Why Study History?
In this particular case, there are at least two reasons:
1) It's a fairly fascinating story.
2) It's a great example of how and why a brilliant idea/concept can get smothered, ignored, delayed, and essentially squashed by the Establishment in any field of endeavor. In regard to the application of entropy to economics, that's still ongoing to some degree by "mainstream" (neoliberal) economists.
.......................
Conclusion
In trying to grasp the essence of any discipline, it's important to delve into its history. I imagine some/many younger people who find Eco-Econ extremely appealing often wonder why it's not already implemented. The article at the link below will give anyone great insight into a few possible/likely reasons for that. It should encourage them to "hang in there".
https://www.degrowth.org/wp-content/uploads/2011/05/Levallois_degrowth-an-historical-nite.pdf
........................
Not only my opinion. Be Well
Professor Georgescu-Roegen, a Romanian-American masterful mathematician and economist, laid the groundwork (with his Bioeconomics) for the discipline of Ecological Economics (Eco-Econ). Herman Daly, generally acknowledged as the "Father of Eco-Econ", was Georgescu-Roegen's student back in the day.
The article at the link below relates in great detail a small part of the Bioeconomics founder's life. His most famous publication was the book, The Entropy Law and the Economic Process (1971). It's a discussion of a key principle in Eco-Econ.
.......................
Why Study History?
In this particular case, there are at least two reasons:
1) It's a fairly fascinating story.
2) It's a great example of how and why a brilliant idea/concept can get smothered, ignored, delayed, and essentially squashed by the Establishment in any field of endeavor. In regard to the application of entropy to economics, that's still ongoing to some degree by "mainstream" (neoliberal) economists.
.......................
Conclusion
In trying to grasp the essence of any discipline, it's important to delve into its history. I imagine some/many younger people who find Eco-Econ extremely appealing often wonder why it's not already implemented. The article at the link below will give anyone great insight into a few possible/likely reasons for that. It should encourage them to "hang in there".
https://www.degrowth.org/wp-content/uploads/2011/05/Levallois_degrowth-an-historical-nite.pdf
........................
Not only my opinion. Be Well
Sunday, July 5, 2020
"Economics for a Full World", & a Sustainable World
Preface
This isn't only about economics. It's also about ethics, respect for and appreciation of the biosphere/ecosphere, respect for all sentient beings, and a path to a sustainable, mostly peaceful world.
At the links below, Professors Herman Daly and William Rees give masterful, concise explanations of ecological economics. The Daly essay is a longer, illustrated read, but both require your full attention in order to comprehend them. The Rees piece (the link was posted previously on this blog) includes a brilliant comparison to neoliberal/mainstream economics (aka, neoclassical economics).
Both essays do a great job of weaving the larger ethical, political, and ecological contexts into the discussions.
.................................
https://greattransition.org/publication/economics-for-a-full-world
https://greattransition.org/publication/economics-vs-the-economy
................................
Conclusion
For anyone desiring to understand the best solution to a large part of our ongoing problems on Earth, the essays above are a must-read. Study them as if our lives depended on it... because they do. Then, do whatever you can to support and promote these concepts. Thanks, and my grandkids thank you as well. 😊
p.s. I recommend reading the Rees piece first - Economics vs. the Economy.
..............................
Not only my opinion. Stay Well
This isn't only about economics. It's also about ethics, respect for and appreciation of the biosphere/ecosphere, respect for all sentient beings, and a path to a sustainable, mostly peaceful world.
At the links below, Professors Herman Daly and William Rees give masterful, concise explanations of ecological economics. The Daly essay is a longer, illustrated read, but both require your full attention in order to comprehend them. The Rees piece (the link was posted previously on this blog) includes a brilliant comparison to neoliberal/mainstream economics (aka, neoclassical economics).
Both essays do a great job of weaving the larger ethical, political, and ecological contexts into the discussions.
.................................
https://greattransition.org/publication/economics-for-a-full-world
https://greattransition.org/publication/economics-vs-the-economy
................................
Conclusion
For anyone desiring to understand the best solution to a large part of our ongoing problems on Earth, the essays above are a must-read. Study them as if our lives depended on it... because they do. Then, do whatever you can to support and promote these concepts. Thanks, and my grandkids thank you as well. 😊
p.s. I recommend reading the Rees piece first - Economics vs. the Economy.
..............................
Not only my opinion. Stay Well
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