Herman Daly: "Toward an Ecological Economics”
The Great Simplification with Nate Hagens
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The Power and the Influence
Do standard economists truly believe that things in our economy have perfect substitute ability, and that we actually can physically grow for centuries or millennia? Do they really believe that? Well, goodness, i think some do. Others don't. And so all this u we have an energy, an materials economy, not a monetary one. No climate change is an existential risk. All these things are popoed away under the frameworkf o, neo classical economics. But when you forget the level of abstraction and you begin to treat your abstractions as if they were, in fact, the real world, then that's what he calld ta fallacy of misplaced concreteness.
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