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Steve Keen, Tracy Alloway, And Joe Weisenthal
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09Jul2021 Market Close: DOW Records Closing High +448 Points, Nasdaq +1 0%, WTI Crude Higher 74 63, US Dollar Down Fractionally 92 10, Short Week Ends On A Positive Note
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Documentary Of The Week: Michael Hudson s Update Of Super Imperialism
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What happens if an economy runs out of running room ? If the growth of an economy can no longer be sustained bcause of resource limitations, what options are there? These are questions considered this week in a short lecture by Prof. Dan O Neill from the University of Leeds. Clearly one undesirable option is economic and societal collapse. But that is not the only possibility.
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Ecological economists argue that the continued pursuit of economic growth in wealthy nations is neither sustainable nor desirable. But if the goal isn’t growth, then what is it? Two possible alternatives include degrowth and a steady-state economy. In this lecture, I explore Herman Daly s idea of a steady-state economy. I discuss what a steady-state economy would look like, and the changes that would be needed to achieve it. These include policies to limit resource use,
24Jun2021 Market Close: Wall Street Closes Higher, SP 500 And Nasdaq Recorded New Highs, DOW Up 323 Points, Gold Sinking 1773, Crypto s Gaining, Bitcoin 34900, Dogecoin $0 25
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