Joshua Farley is a renowned ecological economist working to integrate social, human, and natural capital into the way the world views economics. He is a Fellow of the Gund Institute for Ecological Economics and a Professor in the Community Development and Applied Economics faculty at the University of Vermont. With economist Herman Daly, Joshua co-authored the foundation textbook Ecological Economics: Principles and Applications; he also co-authored Restoring Natural Capital: Financing and Valuation. Joshua has received several Fellowships and has spent considerable time abroad, including several years teaching ecological economics at the School for Field Studies Centre for Rainforest Studies (CRS) in Far North Queensland Australia.
Reality Report: Ecological Economics
In this edition of the Reality Report, economics Professor Joshua Farley of the Gund Institute for Ecological Economics at the University of Vermont discusses the false assumptions of dominant economic theory, why this leads to problems, and what an alternative economic system might look like. During the interview, Prof. Farley explains how policies to protect the environment, stem the loss of biodiversity, conserve fossil fuels, and deal with climate change will fail without economic reform that first sets the sustainable scale of the human economy, secondly decides what is a just distribution, and finally allows the market to find the most efficient allocation.