Although Daly’s basic tenet in From a Failed Growth Economy to a Steady State Economy has considerable merit, Steady-state economy theory is a Northern-centered theory that is written from an exclusively Northern viewpoint. It reflects Northern interests and Northern fears. It does not take into consideration the situation of the South. Given their present circumstances, virtually all countries in the South would require many years of positive growth to be able to significantly alleviate (not to speak of eradicating) poverty, and for their populations to be able to attain a decent living level…

Click here to continue