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Beyond Growth: The Economics of Sustainable Developmentby Herman E. Daly
Synopses & Reviews
Named one of a hundred "visionaries who could change your life" by the Utne Reader, Herman Daly has probably been the most prominent advocate of the need for a change in economic thinking in response to environmental crisis. An iconoclast economis t 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 won a wide and growing reputation among a wide array of environmentalists, inside and outside the academy.
In a book that will generate controversy, Daly turns his attention to the major environmental debate surrounding "sustainable development." Daly argues that the idea of sustainable development--which has become a catchword of environmentalism and international finance--is being used in ways that are vacuous, certainly wrong, and probably dangerous. The necessary solutions turn out to be muc h more radical than people suppose.
This is a crucial updating of a major economist's work, and mandatory reading for people engaged in the debates about the environment.
"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."
Table of Contents
Introduction: the shape of current thought on sustainable development — Ch. 1. Moving to a steady-state economy — Ch. 2. Elements of environmental macroeconomics — Ch. 3. Consumption: value added, physical transformation, and welfare — Ch. 4. Operationalizing sustainable development by investing in natural capital — Ch. 5. Fostering environmentally sustainable development: four parting suggestions for the World Bank — Ch. 6. Toward a measure of sustainable Net National Product — Ch. 7. On sustainable development and national accounts — Ch. 8. Carrying capacity as a tool of development policy: the Ecuadoran Amazon and the Paraguayan Chaco — Ch. 9. Marx and Malthus in Northeast Brazil: a note on the world's largest class difference in fertility and its recent trends — Ch. 10. Free trade and globalization vs. environment and community — Ch. 11. From adjustment to sustainable development: the obstacle of free trade — Ch. 12. The economic thought of Frederick Soddy — Ch. 13. On Nicholas Georgescu-Roegen's contributions to economics: an obituary essay — Ch. 14. A biblical economic principle and the sustainable economy — Ch. 15. Sustainable development: from religious insight to ethical principle to public policy.
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