In web conference, #HermanDaly says #EcologicalEconomics used to get attacked from the right, now it’s from the left. Panel @revkin @jon_d_erickson @ktkish @sophiesanniti #TimCrowshaw #KatieHorner livestreamed #sustainwhat . Most #EcologicalEconomists used to come to study from economics, now most come from other disciplines.
Can Ecological Economics Shape a Shock-Resistant Planet | April 9, 2020
[62:24 Herman Daly] Ecological economics is used to being criticized from the right from … the neoclassical growth-istic economists, right-wing criticism. We’re not so used to getting criticized from the left, but that’s been coming from some neo-marxist folks recently, and they don’t like the idea of markets.
[62:48] They don’t like the idea of prices. And so, at that point, I say well wait a minute, I’m all in favor of more social justice, of greater equality in the distribution of income, but when you when you go all the way to central planning, as opposed to Marxist, then I sort of recoil, and say, wait a minute, let’s look at history.
[63:16] You know what happened with the war, communism efforts of the early Soviet Union, they had to back off from the abolition of markets. What happened to the collectivization of agriculture? That was a big failure. And how are you going to handle the huge information problems of central planning?
[63:38] So I would say markets are necessary, although certainly not sufficient. We need a whole lot of planning, to keep markets as good servants rather than bad masters.
[63:53] I wonder how how you react to what I think of as a kind of ecological economic principle of … raising the price for the sake of resources, basic resources,for the sake of inducing efficiency and capturing the rent — the resource rent — and redistributing that for the sake of equity.
[64:22] Does that make sense? Many people, I think, don’t buy that. And so I’d be interested in hearing your views.
Sustain What: An intergenerational conversation as Herman Daly and Jon Erickson meet emerging scholars in Ecological Economics | April 9, 2020 at https://www.youtube.com/watch?v=jeAU4xbiZcY