First published in 1977, this volume caused a sensation because of Daly's radical view that "enough is best." Today, his ideas are recognized as the key to sustainable development, and Steady-State Economics is universally acknowledged as the leading book on the economics of sustainability.
Contents
Preface to the Second Edition
Preface to the First Edition
PART I. The Steady-State Economy
Chapter 1. An Overview of the Issues
Chapter 2. The Concept of a Steady-State Economy
Chapter 3. Institutions for a Steady-State Economy
Chapter 4. Efficiency in the Steady-State Economy
PART II. The Growth Debate
Chapter 5. A Catechism of Growth Fallacies
Chapter 6. Energy and the Growth Debate
Chapter 7. Developing Economies and the Steady State
Chapter 8. Conclusion: On Biophysical Equilibrium and Moral Growth
PART III. Further Essays in the Economics of Sustainability
Chapter 9. The Steady-State Economy: Alternative to Growthmania
Chapter 10. The Circular Flow of Exchange Value and the Linear Throughput of Matter-energy: A Case of Misplaced Concreteness
Chapter 11. Alternative Strategies for Integrating Economics and Ecology
Chapter 12. The Economic Growth Debate: What Some Economists Have Learned, But Many Have Not
Chapter 13. Sustainable Development: From Concept and Theory toward Operational Principles
PART IV. The Debate Continues: Reviews and Critiques \ Herman E. Daly
Chapter 14. Review of the Ultimate Resource
Chapter 15. Review of Population Growth and Economic Development: Policy Questions
Chapter 16. Thermodynamic and Economic Concepts as Related to Resource-Use Policies: Comment
Chapter 17. A. N. Whitehead's Fallacy of Misplaced Concreteness: Examples from Economics
Herman Daly, the author of many books including the foremost textbook on ecological economics, died on Friday, October 28th, 2022. Grounding economics within the boundaries of physical limits, he gained fame and followers worldwide. Dr. Daly was Professor Emeritus at the University of Maryland, School of Public Affairs. From 1988 to 1994 he was senior economist in the environment department of the World Bank.