ECONOMY: Ecological Economics
By Joshua Farley, Post Carbon Institute
Many people would agree that the central desirable end of economic activity is a high quality of life for this and future generations. Conventional economists argue that humans are insatiable, and therefore economics should focus on endless economic growth and ever-increasing consumption. Considerable evidence, however, suggests that humans are in fact satiable-there is a point beyond which increasing consumption does not make us better off.