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About Beyond Growth The Economics Of Sustainable Development Pdf
“Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics.”
“Considered by most to be the dean of ecological economics, Herman E. Daly elegantly topples many shibboleths in Beyond Growth. Daly challenges the conventional notion that growth is always good, and he bucks environmentalist orthodoxy, arguing that the current focus on ‘sustainable development’ is misguided and that the phrase itself has become meaningless.”
“In Beyond Growth, . . . [Daly] derides the concept of ‘sustainable growth’ as an oxymoron. . . . Calling Mr. Daly ‘an unsung hero,’ Robert Goodland, the World Bank’s top environmental adviser, says, ‘He has been a voice crying in the wilderness.'”
–G. Pascal Zachary, The Wall Street Journal
“A new book by that most far-seeing and heretical of economists, Herman Daly. For 25 years now, Daly has been thinking through a new economics that accounts for the wealth of nature, the value of community and the necessity for morality.”
–Donella H. Meadows, Los Angeles Times
“For clarity of vision and ecological wisdom Herman Daly has no peer among contemporary economists. . . . Beyond Growth is essential reading.”
–David W. Orr, Oberlin College
“There is no more basic ethical question than the one Herman Daly is asking.”
–Hal Kahn, The San Jose Mercury News
“Daly’s critiques of economic orthodoxy . . . deliver a powerful and much-needed jolt to conventional thinking.” –Karen Pennar, Business Week
Named one of a hundred “visionaries who could change your life” by the Utne Reader,Herman Daly is the recipient of many awards, including a Grawemeyer Award, the Heineken Prize for environmental science, and the “Alternative Nobel Prize,” the Right Livelihood Award. He is professor at the University of Maryland’s School of Public Affairs, and coauthor with John Cobb, Jr., of For the Common Good.
Herman Daly’s “preanalytic vision” is that the economy is a open, growing sub-system of a finite, closed ecological system. This may sound like jargon but the implication of accepting such a concept is portentous for the economic and political consensus. Put simply, further economic growth is increasingly unsustainable as we approach a “full world” and an alternative economic model is needed. The answer, according to Daly, is to move towards a “steady state” economy.
A steady state economy, Daly explains, is one where capital stocks remain constant and population growth is kept at a sustainable level. Such a model allows for “development” (qualitiative improvement) but not growth (quantitative increase). The means of achieving development but not growth, according to Daly, include ecological tax reform, a cap and trade system which sets a limit to overall pollution, minimum and maximum income levels, measures to constrain population growth and more besides. Such measures are inevitably contentious – the idea of limiting population growth is far from politically correct (on the right or the left), neither is the idea of an increased emphasis on redistribution including maximum income levels (currently increased growth is predominantly seen as the means of mitigating class conflict thus dodging the issue).
However, Daly argues that optimal scale of the economic sub-system has already been reached meaning an alternative is imperative. Yet such ideas are not new, Daly has been championing them in one form or another for many years whilst the mainstream of economics continues to stick its fingers in its ears. The question is – as crises start to bite in coming years will the politically inconceivable (limitations on economic growth) be forced onto the agenda?
About Beyond Growth: The Economics of Sustainable Development Author
Herman Daly is an American ecological economist and professor at the School of Public Policy of University of Maryland, College Park in the United States. He was Senior Economist in the Environment Department of the World Bank, where he helped to develop policy guidelines related to sustainable development. While there, he was engaged in environmental operations work in Latin America. He is closely associated with theories of a Steady state economy.
Before joining the World Bank, Daly was Alumni Professor of Economics at Louisiana State University. He was a co-founder and associate editor of the journal, Ecological Economics.
He is also a recipient of an Honorary Right Livelihood Award, the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences, the Sophie Prize (Norway), the Leontief Prize from the Global Development and Environment Institute and was chosen as Man of the Year 2008 by Adbusters magazine.
He is widely credited with having originated the idea of uneconomic growth, though some credit this to Marilyn Waring who developed it more completely in her study of the UN System of National Accounts.