Valuing the Earth, second edition: Economics, Ecology, Ethics
Herman E. Daly, Kenneth N. Townsend
MIT Press, Nov 24, 1992 - Science - 399 pages
Valuing the Earth collects more than twenty classic and recent essays that broaden economic thinking by setting the economy in its proper ecological and ethical context. They vividly demonstrate that, contrary to current macroeconomic preoccupations, continued growth on a planet of finite resources cannot be physically or economically sustained and is morally undesirable.
Among the issues addressed are population growth, resource use, pollution, theology (east and west), energy, and economic growth. Their common theme is the notion, popular with classical economists from Malthus to Mill, that an economic stationary state is more healthful to life on earth than unlimited growth. A number of essays in the first edition have become classics and have been retained for this edition, which adds six new essays.
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Why Isnt Everyone as Scared as We Are?
Availability Entropy and the Laws of Thermodynamics
The Entropy Law and the Economic Problem
Selections from Energy and Economic Myths
Exponential Growth as a Transient Phenomenon in Human History
The Tragedy of the Commons
Second Thoughts on The Tragedy of the Commons
Ethics The Ultimate End and Value Constraints
The Abolition of Man
Economics Interaction of Ends and Means
On Economics as a Life Science
Sustainable Growth An Impossibility Theorem
SteadyState Economies and the Command Economy
The Economics of the Coming Spaceship Earth
Spaceship Earth Revisited
The Age of Plenty A Christian View
The Purpose of Wealth A Historical Perspective
Ecology Ethics and Theology