Using GDP to estimate the limits to growth
As we’ve emphasized at CASSE for two decades, “Sustainability is a steady state economy.” It’s time to add, “GDP is the ecological footprint.”
As we’ve emphasized at CASSE for two decades, “Sustainability is a steady state economy.” It’s time to add, “GDP is the ecological footprint.”
The immediate cause of overshoot is the combination of the massive increase in the number of people and what we produce made possible by the rapid and grossly uneven experience of economic growth of the past two hundred years.
On this episode, Nate is joined by systems ecologist William E. Rees. Professor Rees outlines why most of the challenges facing humanity and the biosphere have a common origin – ecological overshoot.
How can we reshape the narrative and shift the paradigm towards different economic systems that promote human and ecological well-being over material consumption?
What this book forces us to ask is that, if ‘contemporary issues’ were accurately described and diagnosed fifty years ago, why has no progress been made since then?
Money. What is it? Where does it come from? How is it created? How is it tethered to our biophysical balance sheet? What is on the horizon with our monetary system? How might we create and use money differently in the future during a source and sink contained system?
Ecological Economics is the informed management of resources and socio-environmental interactions to satisfy objective needs and subjective desires in a process that does not destroy the basis of their provision.
A new book explains how an economist, in challenging the orthodoxy, has helped activists change the world.
Alternatives to capitalism exist and are growing. The question is how to begin developing the next system as quickly as possible to avoid socioecological collapse.
Discounting models that posit representative world consumers, or even ‘globally impartial decision makers’ attentive to global inequalities, remain wedded to neoclassical understandings of economics that reduces human life to a matter of individual consumption choices, and reduces the nonhuman world to substitutable ‘natural capital’.
One of the greatest and most overwhelming conceptual breakthroughs of my life was the realization that everything in our universe is connected and interacting in networks of interdependent cause and effect through time.
Ecology and economics come from the same root word. Hopefully before it’s too late, humanity will see that good economics must be also good ecology: ECO-ECONOMICS. This is the “unified field theory” and practice for economics.