Daly's ideas are nicely summarized in the Adbusters article, Towards a Steady-State Economy: (originally posted at the Oil Drum)
The closer the economy approaches the scale of the whole Earth, the more it will have to conform to the physical behavior mode of the Earth. That behavior mode is a steady state – a system that permits qualitative development but not aggregate quantitative growth. Growth is more of the same stuff; development is the same amount of better stuff.Quality not quantity. What a novel idea. Or perhaps not so novel after all. Forty years ago, in his first campaign speech, Robert F. Kennedy put forward prescient comments on the Gross National Product. The video below is but two minutes and eleven seconds long. A good investment of time.
Clearly the economy must conform to the rules of a steady state – seek qualitative development, but stop aggregate quantitative growth. GDP increase conflates these two very different things.
The video was produced by the Glaser Progress Foundation. If you want to dig deeper into ways in which we might better measure progress, their website has quite a good resource library. You might also want to peek here and here and here.
Cross Posted at Open Salon