For the Common Good

In this book, economist Herman E. Daly and theologian John B. Cobb, Jr., argue that conventional economics and a growth-oriented industrial economy have led to environmental disaster.

They propose a new economic model that emphasizes community, environmental sustainability, and a holistic approach to economic policy.

The authors suggest policies such as taxing industrial polluters, worker participation in management and ownership, reduced military spending, and a more self-sufficient national economy.

The book is recognized for its comprehensive critique of neoclassical economic theory and its vision for a sustainable market guided by values and emotions as well as rational economic thought.