In 2007, the Marcellus Shale Play was opened for production in Pennsylvania. The fracking of the shale unlocked massive fossil fuel reserves previously considered inaccessible. But it also unleashed an especially expensive and wasteful extraction process that involved flushing hundreds of millions of tons of highly toxic chemicals a mile deep into the ground and into the water table. And it brought up natural gas contaminated with unprecedented levels of radioactivity.
Editor’s Note: Saturday, October 28 marks the first anniversary of Herman Daly’s passing. The father of steady-state economics, Daly was CASSE’s economist emeritus and a long-time board member. We celebrate his clear and stimulating thought with three classic essays from Best of The Daly News.
Well-being should be counted in net terms, that is to say we should consider not only the accumulated stock of wealth but also that of “illth;” and not only the annual flow of goods but also that of “bads.” The fact that we have to stretch English usage to find words like illth and bads to name the negative consequences of production that should be subtracted from the positive consequences is indicative of our having ignored the realities for which these words are the necessary names.
Herman Daly, the champion of steady-state economics, passed away in the presence of beloved family members on October 28, 2022. In the process, a world in dire need of Herman’s wisdom became a lesser place. Yet we can be grateful for the 84 years he graced the earth and for the legacy he’s left us.
An excellent festschrift edited by Joshua Farley, a sweeping biography by Peter Victor,
The post Herman Daly (1938-2022): Up to the Steady State Economy appeared first on Center for the Advancement of the Steady State Economy.
Given the recent, tragic passing of Herman Daly, we allocate this week’s Steady State Herald to the wise words of Daly himself. From 2010-2018, Herman was a regular contributor to The Daly News, CASSE’s blog before the Herald was launched. (Herman’s modesty almost prevented us from naming the blog after him, but he was outnumbered by CASSE staff and board,
The post In Commemoration: A Sampling of Herman Daly appeared first on Center for the Advancement of the Steady State Economy.