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.
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.
Basic concepts and ideas -- Limits to growth -- Economics in a full world -- The challenge of ecological economics : historical context and some specific issues -- Issues with the World Bank -- Sustainable development : definitions, principles, policies -- The illth of nations : comments on World Bank world development report, 2003 -- Can we grow our way to an environmentally sustainable world?
-- Issues in ecological economics and sustainable development -- Consumption and welfare : two views of value added -- ecological economics : the concept of scale and its relation to allocation, distribution, and uneconomic growth -- Sustaining our commonwealth of nature and knowledge -- The steady-state economy and peak oil -- How long can neoclassical economists ignore the contributions of Georgescu-Roegen?
In such a development aiming at unlimited growth it would from a long-term environmental perspective be close to irrelevant to reach for more efficient use of energy, since it would only buy some time.
Herman Daly Herman Daly has done some of the best work on economic sustainability he has a number of good books and essays on the subject including Beyond Growth The Economics of Sustainable Development Development Boston Beacon Press 1997. Herman Edward Daly(born 1938) is an American ecological economist and professor at the School of Public Policy of University of Maryland, College Park in the United States.Finally, on a different line of thought, he interrogates conservation biologists on their reasons for wanting to keep biodiversity since, as biologists, they claim that evolution has no particular purpose.Why not let the Sixth Great Extinction run its course?In this collection of essays presented with what reviewers call a “crystal clear style”, Daly discusses the way economies relate to the environment as well as the problems in this relationship.The book covers climate change, peak oil, globalization versus internationalization, poverty reduction and scale leading to uneconomic growth.As a former member of the World Bank, Daly writes with an inside perspective on the economy and ecology debate.The book questions the logic of conventional though In this collection of essays presented with what reviewers call a “crystal clear style”, Daly discusses the way economies relate to the environment as well as the problems in this relationship.Herman lucidly and compellingly combines common sense with profound understanding of both economics and ecology to arrive at sustainable solutions to the global problematique.Herman's rigorous yet compassionate solutions to climate change, peak oil, globalization vs.-- Testimony and opinion -- Off-shoring in the context of globalization -- Invited testimony to Russian Duma on resource taxation -- Involuntary displacement : efficient reallocation or unjust redistribution?-- Sustainable development and OPEC -- Reviews and critiques -- Can Nineveh repent again?