Three Problems with Economics: An Elaboration of Thomas Lovejoy’s “Foreward” 1. Valuation 2. Substitution 3. Discounting Neoclassical Sustainability
(rate of return on capital stock)
Total Capital Investment
We’re growing by destroying this.
“The current economic crisis, along with the overwhelming evidence of the impending reorganization of the earth’s climate, and the impending catastrophic loss of biodiversity, calls for a fundamental reorganization of human society.”