Herman DalyHerman Edward Daly (July 21, 1938 – October 28, 2022) was an American ecological and Georgist economist and professor at the School of Public Policy of University of Maryland, College Park in the United States, best known for his time as a senior economist at the World Bank from 1988 to 1994. In 1996, he was awarded the Right Livelihood Award for "defining a path of ecological economics that integrates the key elements of ethics, quality of life, environment and community." Daly was born in Houston, Texas in 1938.
AusterityIn economic policy, austerity is a set of political-economic policies that aim to reduce government budget deficits through spending cuts, tax increases, or a combination of both. There are three primary types of austerity measures: higher taxes to fund spending, raising taxes while cutting spending, and lower taxes and lower government spending. Austerity measures are often used by governments that find it difficult to borrow or meet their existing obligations to pay back loans.
Economic collapseEconomic collapse, also called economic meltdown, is any of a broad range of bad economic conditions, ranging from a severe, prolonged depression with high bankruptcy rates and high unemployment (such as the Great Depression of the 1930s), to a breakdown in normal commerce caused by hyperinflation (such as in Weimar Germany in the 1920s), or even an economically caused sharp rise in the death rate and perhaps even a decline in population (such as in countries of the former USSR in the 1990s).
Anarcho-primitivismAnarcho-primitivism, also known as anti-civilization anarchism, is an anarchist critique of civilization that advocates a return to non-civilized ways of life through deindustrialization, abolition of the division of labor or specialization, abandonment of large-scale organization and all technology other than prehistoric technology and the dissolution of agriculture. Anarcho-primitivists critique the origins and alleged progress of the Industrial Revolution and industrial society.
ConsumerismConsumerism is a social and economic order in which the goals of many individuals include the acquisition of goods and services beyond those that are necessary for survival or for traditional displays of status. Consumerism has historically existed in many societies, with modern consumerism originating in western Europe before the Industrial Revolution and becoming widespread around 1900.
Jevons paradoxIn economics, the Jevons paradox (ˈdʒɛvənz; sometimes Jevons effect) occurs when technological progress or government policy increases the efficiency with which a resource is used (reducing the amount necessary for any one use), but the falling cost of use increases its demand—increasing, rather than reducing, resource use. However, governments assume that efficiency gains will lower resource consumption, ignoring the possibility of the effect arising.
PessimismPessimism is a negative mental attitude in which an undesirable outcome is anticipated from a given situation. Pessimists tend to focus on the negatives of life in general. A common question asked to test for pessimism is "Is the glass half empty or half full?"; in this situation, a pessimist is said to see the glass as half empty, or in extreme cases completely empty, while an optimist is said to see the glass as half full. Throughout history, the pessimistic disposition has had effects on all major areas of thinking.
Post-capitalismPost-capitalism is, in part, a hypothetical state in which the economic systems of the world can no longer be described as forms of capitalism. Various individuals and political ideologies have speculated on what would define such a world. According to classical Marxist and social evolutionary theories, post-capitalist societies may come about as a result of spontaneous evolution as capitalism becomes obsolete. Others propose models to intentionally replace capitalism, most notably socialism, communism, anarchism, nationalism and degrowth.
Club of RomeThe Club of Rome is a nonprofit, informal organization of intellectuals and business leaders whose goal is a critical discussion of pressing global issues. The Club of Rome was founded in 1968 at Accademia dei Lincei in Rome, Italy. It consists of one hundred full members selected from current and former heads of state and government, UN administrators, high-level politicians and government officials, diplomats, scientists, economists, and business leaders from around the globe.
