In a steady-state economy the focus is on development versus growth. As Herman Daly puts it, growth refers to “physical scale of the matter/energy throughput that sustains the economic activities of production and consumption of commodities.” In other words, growth is the increasing of production and consumption of goods and services. This is a quantitative [...]
When Franklin Roosevelt initiated the first “New Deal” he pushed through reforms in the banking laws. Today we are faced with one of the most dire financial crises since the depression. Why? Because our system is broken. Most of us know this, but many feel as though it is still the only or best option [...]
Brian Czech, in his book Shoveling Fuel for a Runaway Train, emphasizes the importance of assigning the most wasteful, destructive people in our gluttonous economy with both a name and a stigma. This portion of our population, generally the top 1% in the economy, are given the title of the Liquidating Class. This title comes [...]
