PETER A. VICTOR

Canada, like so many countries, faces a grave dilemma: how to regain pre-pandemic levels of economic activity and growth while reducing the already excessive environmental impacts of climate change, ocean acidification, biodiversity loss, and contamination of air land and water. The dilemma is that a return to unending economic growth, especially in advanced economies, is unlikely to be the answer. Herman Daly is one of very few economists to have devoted his entire career to resolving this dilemma. His economics for a full world has been widely recognised through numerous national and international prestigious prizes and awards. His pathbreaking work on the steady-state economy provides the foundation for new approaches to economics finding favour especially among younger people such as well-being economics, doughnut economics, post-growth economics and degrowth. Daly is a founder of ecological economics which views the economy as embedded in and entirely dependent on the biosphere. Nothing in economics could be more relevant to advancing our understanding of and finding solutions for the climate crisis and sustainability.