...ECONOMY Herman E. Daly Source: Steady-Slate Economics, London: Earthscan, 1992, pp. 14-49. I cannot . . . regard the stationary state of capital and wealth...considerable improvement on our present condition. John Stuart Mill (1857) What is a steady-state economy? Economic analysis, or any analytic thought...

...too great a social cost. DOCUMENT 189 JS Mill, Principles of Political Economy, p 348 I cannot . . . regard the stationary state of capital and wealth...considerable improvement on our present condition. I confess that I am not charmed with the ideal of life held out by those who think that the normal state of human...

...Mill was predicting "that at the end of ... the progressive state lies the stationary state", which would be, "on the whole, a very considerable improvement on our present condition". He continued that, if not curbed, industrial expansion would mean that the Earth would be exhausted...

...bound to come ; and it is impossible to read unmoved the sentences1 in which he recorded his belief ' that it would be, on the whole, a very considerable...present condition. I confess I am not charmed with the idea of life held out by those who think that the normal state of human beings is that of struggling...

...identify all that is economically desirable with the progressive state, and with that alone. I cannot regard the stationary state of capital and wealth...with the unaffected aversion so generally manifested toward it by political economists of the old school. I am inclined to believe that it would be, on...

...wealth with the unaffe/V aversion so generally manifested towards it by political economists of the"., school. I am inclined to believe that it would be, on the whole, a very considenble improvement on our present condition. I confess I am not charmed with ttideal of life held...