Herman Daly has advocated a steady-state-economy since the 1970s. Martin Eierman talked with him about the costs of growth, transformative politics and the dangers of academic determinism.
The European: Why should we question growth?
Daly: We are in a situation where growth has begun to cost more than it is worth. It has become uneconomical, at least in rich countries. In an empty world, growth is good. But that is not the world we inhabit. We live in a world that is full of us and our stuff, a world that is finite in terms of the economic activity it can sustain. We need to build the physical constraints of a finite biophysical environment into our economic theory.