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Daly, Herman E. – Bulletin of Science, Technology & Society, 2009
The search for a social goodness function in economic systems is reviewed, especially in light of the fact that the economy is a subsystem of a biosphere that has its own rules for determining success, or at least for limiting feasibility. The frequent perversity of reductionist quantitative success indicators in economics (profit, quotas, GDP) is…
Descriptors: Economics, Economics Education, Social Environment, Well Being