Is it people's ignorance or lack of knowledge that is limiting including ecological economic principles into our operating system? Or is it something else? Is it that the power and the metabolism and the momentum and the politics of our situation will not allow for these better, long term sustainante things to be incorporated into our system? What you think about that? Well, i started out thinking that it was a question of ignorance. But that was two generations ago, and things have gotten so much worse and so much more obvious. So we were not trying to start ecological economics. We were trying to influence mainstream economics. There no acceptance.
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