herman daly

Via MT, I came across a most excellent and interesting essay by Herman Daly on the Oil Drum (one of those great and meaty blogs that I only wich I had the time to read everything on!) The subject is how to establish a steady state economy versus the current paradigm based on the fantasy of eternal growth. The reason you should read it is because it is not your usual Utopian hand wave about what a perfect world would be like, it is a specific set of policy prescriptions. Worth your time!
"It's not really that hard to understand" is the catch phrase in this YouTube video featuring Herman Daly, the subject is the insanity of the economic cult of perpetual growth: I got this from the most recent posting at Things Break, which you should read and be sure to follow the links. I would also offer here the very compelling image from New Scientist that isn't actually clickable from TB's post. (this image is courtesy of New Scientist and is part of this article)