The Great Simplification with Nate Hagens cover image

Herman Daly: "Toward an Ecological Economics”

The Great Simplification with Nate Hagens

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The Wind to Stop Rule in Microeconomics

G d p started out as an econometric measurea that wasn't ever intended to be a goal. You stop growing a micro entity when marginal cost equal marginal benefit. Our economy doesn't have any plimsaw line. We talk about allocation among ferent parts of the boat, different commodities. But we don't talk at all about the total load limit of the scale of the economy. So i think that's a major effort or contribution of ecological economics, is to build that into analysis.

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