Hermann: People on both sides of the isle are very worried about climate change and and resources. We've squandered our endowment of of high quality of ores and oil and resources, he says. Hermann: Economic growth has now become economic. It's increasing elth faster than wealth. So we have to reverse our long hill positions. More lives are better than fewer lives, as long as they're not all lived at the same time,. That's what we mean by sustain ability.
On this episode, we meet with ecological economist and professor emeritus at the University of Maryland, Herman Daly.
Daly discusses the biophysical underpinnings of human economies, and how a social system that is more tethered to our ecological reality might come into being.
Daly explains how the transformation from classical economics to neoclassical economics created an understanding of the world that prioritized utility and money above all else. How did neoclassical economics contribute to our current predicament?
Further, Daly explores what he believes to be the best-case scenario humans face in the next decade.
About Herman Daly
Herman Daly is Professor Emeritus of economics at the University of Maryland School of Public Policy, former senior economist at the World Bank, and a founder of the field of ecological economics. He is the author of For The Common Good, Valuing the Earth, the textbook Ecological Economics, and many other books, essays, and academic papers
For Show Notes and Transcript visit: https://www.thegreatsimplification.com/episode/06-herman-daly