Herman daly fills a spiritual void in the field of economics he explains how current capitalist economic theories dependent on unlimited growth are not only destructive to the environmental resource base upon which the economy depends but also morally indifferent to unwanted side effects such as the unequal distribution of wealth. This book applies rigorous economic analysis to the question of sustainable development it considers the inter relationship between growth and sustainability showing that one does not necessarily exist to the detriment of the other sustainability may be measured and defined in national accounting terms and the contributors explore a potentially powerful theoretical definition case studies . Sustainable development focuses on quality enhancements for everyone not more stuff for a few he dubs sustainable growth an oxymoron 2 gdp is not a reliable measurement stick this relates to 1 in that gdp measures growth the gross part but not the worlds livability factor or the costs of g. According to keynesian economics governments should boost total demand through quantitative easing and fiscal stimulus yet neither approach is delivering good results we need a new sustainable development economics with governments promoting new types of investments
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