
 Cities 1.5
 Cities 1.5 Going Steady with Herman Daly: ‘There are limits to everything’
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 Aug 19, 2025  Herman Daly, a pioneering ecological economist, argues against endless economic growth and advocates for a sustainable, steady-state economy. Joined by Peter Victor, his biographer, and his sister Denis Lynn Daly Heyck, they discuss the dangers of neoliberal policies and the necessity of innovative economic approaches. They share personal anecdotes about resilience and the importance of limiting resource consumption. The conversation honors Daly's legacy while contemplating how his ideas can address today’s ecological and societal challenges. 
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Growth Can Be Uneconomic
- Herman Daly defined "uneconomic growth" as growth that costs more than it's worth and thus makes us poorer.
- He urged economists to weigh both costs and benefits, not just celebrate expansion.
Economy Is Not Separate From Planet
- The podcast links climate breakdown and inequality to an economic system designed without ecological limits.
- It argues neoliberal faith in infinite growth is incompatible with a finite planet.
Perpetual Growth Assumption Critiqued
- Mainstream economists assume perpetual growth and frame emissions reduction as sacrificing future wealth.
- This frames intergenerational trade-offs in favor of continued expansion rather than present wellbeing.




