A Population Perspective on the Steady State Economy

| January 15, 2015 | Leave a Comment Download as PDF

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January 15, 2015 – Herman Daly provides his perspective on how populations of both humans and their things are considered in the steady state economy:

“A steady state economy is defined by a constant population and a constant stock of physical capital. In a way it is an extension of the demographer’s model of a stationary population to include non living populations of artifacts, with production rates equal to depreciation rates, as well as birth rates equal to death rates.”

Learn more about the steady state economy through The Daly News MAHB Node.

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The views and opinions expressed through the MAHB Website are those of the contributing authors and do not necessarily reflect an official position of the MAHB. The MAHB aims to share a range of perspectives and welcomes the discussions that they prompt.