lunes, 5 de agosto de 2013

Economics in a full world, by Herman E. Daly

Link (.pdf)

"Young, growing ecosystems have a tendency to maximize growth efficiency measured by production per unit of existing biomass. In mature ecosystems the emphasis shifts to maximizing maintenance efficiency, measured by how much existing biomass is maintained per unit of new production--the inverse of production efficiency." 

"[...] When all these adjustments are made, the result is the index of sustainable economic welfare [ISEW], as developed by Clifford W. Cobb and John B. Cobb, Jr., and related measures. These indices have been used by ecological economists but are largely ignored by others in the field."

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