Herman Daly

The biophysical realities simply couldn't be ignored, and since the mainstream wouldn't adapt its fundamental axioms, a new field had to be forged, ecological economics or biophysical economics.

The texts we look at next form the foundational architecture of this entirely new way of seeing the world, and it starts with Herman Daly and his seminal handbook, An Introduction to Ecological Economics.

Daly is a massive figure here.

He is arguably the most renowned figure in the history of this discipline.

In that traditional view, the environment is just a sector of the macroeconomy, no different than the housing sector or the tech sector.

Exactly.

But Herman Daly comes along and says, "No, your pre-analytic vision is completely backward.

You have the dolls in the wrong order." The economy is actually a smaller doll nested completely inside the much larger natural system doll.

The second thing I wanna say is an idea that I came across.

I think this is an economist called Herman Daly.

I don't remember.

He was a very, very interesting kind of ecological economist.

We can't just have infinite growth.

A very interesting guy.

I think this is Herman Daly, and if I'm wrong, my apologies, and maybe someone can correct me.

I'll, I'll look it up afterwards.