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Politics : Canada@The HotStove Club

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To: Sun Tzu who wrote (1093)

6/8/2019 9:11:15 AM

From: axial

of 1199

'Steady-state' ...

' Daly cautions that more than two hundred years of worldwide industrialisation is now confronting mankind with a range of problems pertaining to the future existence and survival of our species:

“

The entire evolution of the biosphere has occurred around a fixed point — the constant solar-energy budget. Modern man is the only species to have broken the solar-income budget constraint, and this has thrown him out of equilibrium with the rest of the biosphere. Natural cycles have become overloaded, and new materials have been produced for which no natural cycles exist. Not only is geological capital being depleted, but the basic life-support services of nature are impaired in their functioning by too large a throughput from the human sector. [1]:23

”

Following the work of Nicholas Georgescu-Roegen, Daly argues that the laws of thermodynamics restrict all human technologies and apply to all economic systems:

“

Entropy is the basic physical coordinate of scarcity. Were it not for entropy, we could burn the same gallon of gasoline over and over, and our capital stock would never wear out. Technology is unable to rise above the basic laws of physics, so there is no question of ever 'inventing' a way to recycle energy. [1]:36

”

This view on the role of technology in the economy was later termed 'entropy pessimism' ( see below). [78]:116 '

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