Do you think that the more an economy grows, the better our lives become? Many people may think that earning more and having more products and services to choose from make our lives better. But, is this true?
Professor Herman Daly had doubts about this. He, an ecological economist, incorporated the environment, local communities, and ethics into economic theory. Before Professor Daly, economic theory had a strong tendency to focus on money. He thought about what type of economy would make people happy. This led him to develop important theories that would become the foundation of sustainable societies coexisting with nature.
