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I have been teaching and writing about economics and the environment for over thirty-five years, and have been inspired by my students to work towards a new ecological economics that can underpin a sustainable planetary future. Many of the crises that I and colleagues have predicted – climate disasters, soil degradation, water shortages, biodiversity loss – are now upon us, but the situation is not hopeless. I am working for a rapid transformation away from fossil-fuel and resource-intensive forms of economic growth, and hope that the expanding field of ecological economics can help to usher in this badly needed change.
This book provides an essential introduction to the expanding field of ecological economics.
Authored by some of the leading figures in the field, it covers the basic evidence of global limits to economic activity such as climate change, biodiversity loss, and land degradation. The historical basis for ecological economic theory is explained in non-technical terms.
The book covers issues of sustainable scale, natural capital, and ecosystem services – simple concepts that nonetheless revolutionize economic thinking. It concludes with an analysis of policies needed to achieve sustainability.
From Empty-World Economics to Full-World Economics
Ecological economics explores new ways of thinking about how we manage our lives and our planet to achieve a sustainable, equitable, and prosperous future. Ecological economics extends and integrates the study and management of both "nature's household" and "humankind's household"-An Introduction to Ecological Economics, Second Edition, the first update and expansion of this classic text in 15 years, describes new approaches to achieving a sustainable and desirable human presence on Earth. Written by the top experts in the field, it addresses the necessity for an innovative approach to integrated environmental, social, and economic analysis…
I have been teaching and writing about economics and the environment for over thirty-five years, and have been inspired by my students to work towards a new ecological economics that can underpin a sustainable planetary future. Many of the crises that I and colleagues have predicted – climate disasters, soil degradation, water shortages, biodiversity loss – are now upon us, but the situation is not hopeless. I am working for a rapid transformation away from fossil-fuel and resource-intensive forms of economic growth, and hope that the expanding field of ecological economics can help to usher in this badly needed change.
I was privileged to know Herman Daly, often seen as the founding father of ecological economics.
Starting in the 1960s, he defied conventional economic theory to insist on the primacy of the ecological system and limits to economic growth. He introduced the concept of “full world” economics, arguing that the expansion of human economic activity was displacing essential ecological functions.
This book presents his extensive and insightful perspective on a range of economic issues, and offers a roadmap for saving the global economic system from collapse.
Ecological Economics and Sustainable Development comprises a carefully chosen selection of some 25 articles, speeches, congressional testimonies, reviews, and critiques from the last ten years of Herman Daly's ever-illuminating work.
This book seeks to identify the blind spots and errors in standard growth economics, alongside the corrections that ecological economics offers to better guide us toward a sustainable economy - one with deeper biophysical and ethical roots.
Under the general heading of sustainability and ecological economics, many specific topics are here brought into relation with each other. These include: limits to growth; full-world versus empty-world economics; uneconomic growth; definitions of…
I have been teaching and writing about economics and the environment for over thirty-five years, and have been inspired by my students to work towards a new ecological economics that can underpin a sustainable planetary future. Many of the crises that I and colleagues have predicted – climate disasters, soil degradation, water shortages, biodiversity loss – are now upon us, but the situation is not hopeless. I am working for a rapid transformation away from fossil-fuel and resource-intensive forms of economic growth, and hope that the expanding field of ecological economics can help to usher in this badly needed change.
This is a great selection of more recent work in ecological economics. It focuses on seeking alternatives to standard economists’ fixation on unlimited economic growth.
Drawing on physical science, ecology, and the science of human behavior, contributors show how economic growth itself has become “uneconomic” and incompatible with a healthy ecosystem. An alternative vision – a human economic system in balance with the environment, while providing for essential needs and a high quality of life – is presented in contributions by scholars from diverse fields.
'Daly's contributions to the still emergent field of ecological economics are constant references for our peers throughout the developing world as well as in the North. His courageous tilting at the windmills of mainstream economic nonsense inspire us to continue questioning: in whose interests do we continue on a perpetual search for unlimited material satisfaction? Daly's conception is not only of a world restricted by biophysical limits, but also one in which poverty and deprivation are commonplace, and where Sisyphean efforts to maintain accelerated economic growth only exacerbate inequitable distribution. His vision of sustainable economic welfare shed light on other…
I have been teaching and writing about economics and the environment for over thirty-five years, and have been inspired by my students to work towards a new ecological economics that can underpin a sustainable planetary future. Many of the crises that I and colleagues have predicted – climate disasters, soil degradation, water shortages, biodiversity loss – are now upon us, but the situation is not hopeless. I am working for a rapid transformation away from fossil-fuel and resource-intensive forms of economic growth, and hope that the expanding field of ecological economics can help to usher in this badly needed change.
Robby Richardson is an old friend and colleague who has led the way in developing practical ecological economics policies.
He has been on the front lines: fired by the Trump administration from a position at EPA for defending effective environmental protection, he returned to government in the Department of the Interior in the Biden administration, and in that role has developed natural resource accounting systems to guide government policy.
In this edited volume, he brings together leading ecological economics scholars to offer a variety of perspectives on building a green economy that places human welfare above consumerism and resource-intensive growth.
The first decade of the twenty-first century has been characterised by a growing global awareness of the tremendous strains that human economic activity place on natural resources and the environment. As the world's population increases, so does the demand for energy, food, and other resources, which adds to existing stresses on ecosystems, with potentially disastrous consequences. Humanity is at a crossroads in our pathway to future prosperity, and our next steps will impact our long-term sustainability immensely.
In this timely volume, leading ecological economics scholars offer a variety of perspectives on building a green economy. Grounded in a critique of…
I grew up in the 1950s next door to Long Island’s iconic Levittown. All my aunts and uncles lived in similar modest suburbs, and I assumed everyone else did, too. Maybe that explains why America’s sharp economic U-turn in the 1970s so rubbed me the wrong way. We had become, in the mid-20th century, the first major nation where most people—after paying their monthly bills—had money left over. Today we rate as the world’s most unequal major nation. Our richest 0.1 percent hold as much wealth as our bottom 90 percent. I’ve been working with the Institute for Public Studies, as co-editor of Inequality.org, to change all that.
The climate crisis, many of us now understand, may just end up crushing us. What can save us from that crushing?
Greater income equality, the former World Bank economist Herman Daly argued in this concise 1996 volume, has to be central to our solution. Daly, who passed away in 2022, pioneered the discipline of ecological economics.
Our planet, this University of Maryland professor emeritus believed, has “a limit to the total material production that the ecosystem can support.” In other words, we can’t afford to continue grasping for ever more.
We need to center ourselves instead around having enough, and that means, Daly concluded, moving toward adopting a “maximum personal income” since having 99 percent of a limited total product “go to only one person” would be “clearly unjust.”
"Daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field . . . a kind of reverse Copernican revolution in economics." --Utne Reader
"Considered by most to be the dean of ecological economics, Herman E. Daly elegantly topples many shibboleths in Beyond Growth. Daly challenges the conventional notion that growth is always good, and he bucks environmentalist orthodoxy, arguing that the current focus on 'sustainable development' is misguided and that the phrase itself has become meaningless." --Mother Jones
"In Beyond Growth, . . . [Daly] derides the concept of…
Born of refugee parents, I grew up stateless in occupied, cold war-era Berlin, Germany. It is perhaps not surprising that the how and why of war, and the economic deprivation and poverty it produces, came to be my professional interest. I earned a doctoral degree in economics from the University of Notre Dame (USA) and became a professor of economics with specialties in development economics and the economics of conflict, war, and peace. I like “grazing” along disciplinary boundaries and have written on economic aspects of military history, the economics of the firearms market, the impact of war on nature, and the economics of genocides and other mass atrocities.
In his heyday, Kenneth Boulding was among America’s leading intellectuals across the natural and social sciences. A cofounder of the fields of ecological economics and of peace economics, he also wrote poetry.
Well-known books of his include The Image and Conflict and Defense, but I like the little Stable Peace the best. Just 143 pages long, it takes peace seriously, not as a utopian ideal but as a practical policy option. Boulding asks: as a scientific matter, what might it take to reach stable peace?
If nothing else, you will enjoy both the power of his concepts and of his writing. If phrases like “policy is social agriculture” don’t stop and engage you, what will?
The human race has often put a high value on struggle, strife, turmoil, and excitement. Peace has been regarded as a utopian, unattainable, perhaps dull ideal or as some random element over which we have no control. However, the desperate necessities of the nuclear age have forced us to take peace seriously as an object of both personal and national policy. Stable Peace attempts to answer the question, If we had a policy for peace, what would it look like?
A policy for peace aims to speed up the historically slow, painful, but persistent transition from a state of continual…
We are the academic and creative directors at the Stanford d.school. Our students study design, but they really hope to navigate a world of unknowns and make their way to a better future. We believe the best way to do that is not to limit yourself to a single domain or area but to find new possibilities in the overlaps, patterns, and discoveries that linger between ideas. We love books that stretch us beyond the design domain and into new places of inspiration and investigation. The ones on our list have all delighted us with their ability to reframe our thinking about design, even though none are squarely about the topic.
Kate Rayworth speaks our language. This book explains how to develop an economy that takes human and planetary flourishing into account and, most importantly, explains how we might think differently to get there.
This is a 300-plus-page book about economics—to be honest, even we haven't finished it cover to cover—but we feel a little bit wiser and more hopeful every time we crack it open!
800-CEO-Read "Best Business Book of 2017: Current Events & Public Affairs"
Economics is the mother tongue of public policy. It dominates our decision-making for the future, guides multi-billion-dollar investments, and shapes our responses to climate change, inequality, and other environmental and social challenges that define our times.
Pity then, or more like disaster, that its fundamental ideas are centuries out of date yet are still taught in college courses worldwide and still used to address critical issues in government and business alike.
That's why it is time, says renegade economist Kate Raworth,…
When I grew up I assumed growth is good. Tomatoes grow, so do people—and economies too? Certainly, recessions were bad: many workers were made ‘redundant’. But as we grew older we noticed that growth continued yet people’s lives were getting harder. Looking back, the 1970s in Britain appears a golden age: almost everyone had plenty to eat, society was relatively equal, and all to a soundtrack of fabulous music. With climate change and other environmental threats it’s getting more obvious with each passing season that a global social transformation is required. These are the questions that have driven my own research, on climate politics, growth ideology, and technology fetishism.
Humans are destroying the planet on which they live. Their economic system is exterminating thousands of species and they themselves will be at risk of species suicide if they carry on this way much longer. I am constantly pinching myself at how little this is registering among intellectuals and the wider public. Thank goodness for Richard Seymour.
From Richard Seymour, one of the UK's leading public intellectuals, comes a characteristic blend of forensic insight and analysis, personal journey, and a vivid respect for the natural world.
A planetary fever-dream. An environmental awakening that is also a sleep-walking, unsteadily weaving between history, earth science, psychoanalysis, evolution, biology, art and politics. A search for transcendence, beyond the illusory eternal present.
These essays chronicle the kindling of ecological consciousness in a confessed ignoramus. They track the first enchantment of the author, his striving to comprehend the coming catastrophe, and his attempt to formulate a new global sensibility in which we…
When I grew up I assumed growth is good. Tomatoes grow, so do people—and economies too? Certainly, recessions were bad: many workers were made ‘redundant’. But as we grew older we noticed that growth continued yet people’s lives were getting harder. Looking back, the 1970s in Britain appears a golden age: almost everyone had plenty to eat, society was relatively equal, and all to a soundtrack of fabulous music. With climate change and other environmental threats it’s getting more obvious with each passing season that a global social transformation is required. These are the questions that have driven my own research, on climate politics, growth ideology, and technology fetishism.
Degrowth is a new field of thought and political strategy and is throwing up lots of questions. That’s why I like books such as this, in which many critical thinkers jostle together in one volume.
Crucially in my view, this volume brings voices from the Global South, where degrowth has to be discussed differently to the ways it’s approached in rich countries of the North.
Since the 1970s, the degrowth idea has been proposed by scholars, public intellectuals and activists as a powerful call to reject the obsession of neoliberal capitalism with economic growth, an obsession which continues apace despite the global ecological crisis and rising inequalities. In the past decade, degrowth has gained momentum and become an umbrella term for various social movements which strive for ecologically sustainable and socially just alternatives that would transform the world we live in.
How to move forward in an informed way, without reproducing the existing hierarchies and injustices? How not to end up in a situation when…
I’m an economist who started out in stockbroking. But that felt like an exploitative industry and, looking for a more positive role, I moved to the consumer organisation Which? There, I cut my teeth helping people make the most of their money and then started my own freelance business. Along the way, I’ve worked with many clients (including financial regulators and the Open University where I now also teach), taken some of the exams financial advisers do and written 30 or so books on personal finance. The constant in my work is trying to empower individuals in the face of markets and systems that are often skewed against them.
Much of personal finance relies on the premise that you will achieve your goals by investing in economic growth.
One narrative says we can play our part in tackling climate change by shifting our investments towards sustainable growth – for example, backing green technologies and carbon capture. However, Latouche questions whether economic growth is compatible at all with living within our planet’s resources.
He argues that we have to detach from the cycle of over-consuming and over-producing that is implicit in targeting economic growth and instead shift to a goal of maximising human wellbeing. His radical alternative is a world where we work less, share more, and respect nature.
It is arguably the only real solution to the climate crisis, but powerful vested interests stand in the way of its adoption.
Most of us who live in the North and the West consume far too much - too much meat, too much fat, too much sugar, too much salt. We are more likely to put on too much weight than to go hungry. We live in a society that is heading for a crash. We are aware of what is happening and yet we refuse to take it fully into account. Above all we refuse to address the issue that lies at the heart of our problems - namely, the fact that our societies are based on an economy whose only…
