Herman Daly
Herman Daly

Herman Daly - on Globalisation

Friday, 24 June 2011
How can countries implement independent policies admist the wave of the globalisation mantra? We ask Herman Daly what does "Globalisation" really mean to him?

Herman Daly is Professor of Ecological Economics, School of Public Policy, University of Maryland, USA

For thirty years he has been  a voice in the wilderness detailing the flaws in the growth economy, examining promises of prosperity that neither technology nor resource manipulation can ever fulfill.  Not only are there limits to growth, growth does not feed our spiritual or moral lives, a reality almost completely ignored by neo-classical economists.  

Daly wants people to realize why some of our most basic assumptions of economics are wrong.

Daly's book Steady-State Economics is still iconic for those who see the advantages of small scale production, decentralization, increased durability of products, and increased long-run efficiency in the the use of scarce resources. 

He also founded CASSE (the Centre of the Steady State Economy) - an organization that explores economic growth in earnest, including its downsides. CASSE work to confront the truth that there are limits to growth, and  examine other possibilities for managing our economic affairs.

Watch the interview with him in the video below:

Video

Herman Daly - on Globalisation

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