Herman Daly: Growth and Free Trade: Brain-Dead Dogmas Still Kicking Hard

[Articles and opinion pieces published in this blog do not necessarily reflect the polices and opinions of the organizers of the International Conference on Degrowth in the Americas. They are posted here to stimulate discussion and debate on issues relevant to degrowth.]

by Herman Daly

There are two dogmas that neoclassical economists must never publicly doubt lest they be defrocked by their professional priesthood: first, that growth in GDP is always good and is the solution to most problems; second, that free international trade is mutually beneficial thanks to the growth-promoting principle of comparative advantage. These two cracked pillars “support” nearly all the policy advice given by mainstream economists to governments.

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