The Very Big Corporation of America from Monty Python's The Meaning of Life. |
It has been dispatching its pilgrims around the globe, spreading the theology of the free market to the heathens.
And if economics is a religion, Herman Daly, born 1938, is an American ecological economist and professor, is its arch-heretic, a member of the high priesthood turned renegade. From 1988 to 1994, Daly was the World Bank’s senior environmental economist, a lonely voice of dissent in an organization that frowns on unbelievers.
During his six-year tenure, Daly, the economist-turned-covisionary whose works established ecological economics as a discipline, succeeded in getting the World Bank to take notice of the environment in its policies and programs. But he made little headway persuading his colleagues to adopt his more radical views on economic cosmology, which, in his vision, placed the economy squarely inside the global ecosystem, instead of the other way around.
Most economists picture the human economy in a separate capsule somewhere, existing independently of nature. It’s a way of simplifying (and trivializing) the initial assumptions in order to build a model of human behaviour.
It works according to Herman Daly very well for deriving supply and demand curves but there is a problem with these assumptions as long as the concept of economic growth is utilized. With growth, with our assumption of the economy being independent of nature leads to disastrous results.
But Daly says, we most see that the economy is the metabolic flow of useful matter and energy from environmental sources, through the economic subsystem and back to the environmental sinks as a waste.
So eventually everything is energy, and economical reports are usually too long, wasteful self-repeating.
:D
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