Herman Daly podcast

This is from Economics in Ten podcast, season six, episode four. Herman Daly asked a deceptively simple question: why do economic models treat the natural world as if it doesn’t exist? His concept of the ‘steady-state economy’ (an economy that operates within ecological limits rather than pursuing endless growth) was controversial at the time and remains so. As the founding father of ecological economics, Daly’s ideas are increasingly relevant as the costs of environmental degradation become harder to ignore. A great episode for market failure and environmental economics topics, and it opens up a bigger conversation about whether GDP growth should be the primary goal of economic policy. It goes somewhat beyond the standard spec but connects very directly to market failure and environmental topics, and is particularly good for students who are already engaged with environmental issues.  Listen here