ABOUT KAMRAN’s Blog and GUEST BLOG
I- KAMRAN’s Blog: Dedicated to the Common Good- aiming to be a source of hope and inspiration; enabling us all to move from despair to hope; darkness to light and competition to cooperation. “Let the beauty we love be what we do.”-Rumi
II- KAMRAN MOFID’s GUEST’s BLOG: Here on The Guest Blog you’ll find commentary, analysis, insight and at times provocation from some of the world’s influential and spiritual thought leaders as they weigh in on critical questions about the state of the world, the emerging societal issues, the dominant socio-economic logic, globalisation, money, markets, sustainability, dialogue, cooperation, environment, media, spirituality, faith, culture, the youth, the purpose of business and economic life, the crucial role of leadership, and the challenges facing economic, business, management, education, and more.
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Eight Fallacies about Growth
by Herman Daly
Prof. Herman Daly (Herman Daly - Wikipedia, the free encyclopedia) has had a major influence on my economic thinking, study and teaching. I discovered Daly in mid 1990s, when I purchased “For the Common Good”.-Photo:bing.com
For the Common Good is a profound critique of conventional economic theories and policies. Daly and his Co-author, the theologian and philosopher, John B. Cobb, provide an alternative approach to economics, one that is more humanistic and less scientific. Their criticisms are rooted in a religious/philosophical framework of stewardship and community.
Daly is also a staunch advocate of sustainable development and steady-state economics. Here is an excerpt from his recent article, highlighting the fallacy of economic growth:
Eight Fallacies about Growth
by Herman Daly
…The idea that growth could conceivably cost more than it is worth at the margin, and therefore become uneconomic in the literal sense, will not be considered. But, aside from political denial, why do people (frequently economists) not understand that continuous growth of the economy (measured by either real GDP or resource throughput) could in theory, and probably has in fact, become uneconomic? What is it that confuses them?
Read the full article here.
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