Why even the great Herman Daly gets economics wrong: It must be, at minimum, 1. Resource Limits (Scale is poor nomenclature for this) 2. Ecological (Regenerative) Principles 3. Resilience (Ratio of efficiency : redundancy) 4. Equity (Distribution) 5. Scale (Sustainability is not determined by scale; unsustainable systems, no matter how small, will someday deplete their resource base. However, a sustainable system can become unsustainable when scale exceeds resources.)
Hi Dan, I am really enjoying your videos. Very well explained and a great synthesis and analysis of the ideas.
Why even the great Herman Daly gets economics wrong: It must be, at minimum,
1. Resource Limits (Scale is poor nomenclature for this)
2. Ecological (Regenerative) Principles
3. Resilience (Ratio of efficiency : redundancy)
4. Equity (Distribution)
5. Scale (Sustainability is not determined by scale; unsustainable systems, no matter how small, will someday deplete their resource base. However, a sustainable system can become unsustainable when scale exceeds resources.)
Oh, and order is irrelevant; these are interactive and must all be considered at all times.
are we not supposed to question why the resources are scarce or were they always have been scarce if yes why? etc
I love you bro pls dont die