Herman Daly: “Toward an Ecological Economics” | The Great Simplification #06 скачать в хорошем качестве

Herman Daly: “Toward an Ecological Economics” | The Great Simplification #06

On this episode, we meet with ecological economist and professor emeritus at the University of Maryland, Herman Daly. Daly discusses the biophysical underpinnings of human economies, and how a social system that is more tethered to our ecological reality might come into being. Daly explains how the transformation from classical economics to neoclassical economics created an understanding of the world that prioritized utility and money above all else. How did neoclassical economics contribute to our current predicament? Further, Daly explores what he believes to be the best-case scenario humans face in the next decade. Show Notes - (linked show notes at https://www.thegreatsimplification.co...) 00:45 - Herman Daly works 06:25 - Nicholas Georgescu-Roegen + The Entropy Law and the Economic Process 08:26 - Silent Spring Rachel Carson 08:57 - We live in an energy and materials economy 09:14 - Environmental externalities 09:54 - Ecological economics 11:36 - Kenneth Boulding 14:56 - Space flights/colonization 15:44 - William Shatner flight response 18:14 - Canonical assumptions 19:55 - Alfred Marshall 20:25 - Law of diminishing returns 20:47 - Neoclassical economics 21:38 - Herman Daly's Economics for a Full World Flyer 23:55 - Law of diminishing marginal utility 24:08 - Water-diamonds paradox 26:03 - A barrel of oil does 5 years of human labor 26:22 - We underpay for the main input to our economies 26:42 - Energy cannot be substituted 26:57 - Cobb-Douglas production function 27:45 - Robert Solow 28:49 - Reiner Kümmel 30:17 - Economics for the Future paper 30:38 - Too big too fail policies 30:57 - 20% of Americans went broke during COVID 32:22 - Frederick Soddy and sub-atomic energy 33:45 - Laws of thermodynamics 34:58 - Fractional reserve banking 35:15 - Soddy Pig example 36:23 - Debt is a claim on future energy 38:07 - Marginal costs equals marginal benefits 45:00 - Untax Project 45:23 - Value added tax 47:30 - Carbon tax vs cap and trade 49:50 - Quantitative easing 51:29 - Steady state economy 1:00:28 - Truth is outcompeted by identity 1:01:27 - Drain America First 1:04:04 - 10% of all humans that ever lived are alive today #HermanDaly #NateHagens #TheGreatSimplification