Steady-State Economics

Gary FlomenhoftVT Law SchoolClass 3

Herman Daly’s Policies for a steady-state economy

Criteria:

1. Constant stock of humans

2. Constant stock of goods for providing services and meeting needs.

3. Sufficient and sustainable level of 1&2

4. Throughput reduced to the lowest level

Social Institutions

Constant PopulationTransferable birth licenses (China 1 child policy)(Demographic Trend)

Population growth

China population-1.22B-one child policy

Constant GoodsDepletion quotas (Fisheries, hunting licenses)

Pollution quotas (vehicle emissions, SO2)

Fishing quotas

Lease 15  Tons19 Tons8  Tons2  Tons25 Tons1 Ton North Sea CodHaddockWhitingMegrimMonksSkate Macduff Fish Selling               Lease 7 Tons2 Tons2 Tons West Coast HaddockMonkMegrim Macduff Fish Selling             

VERMONT HUNTING, FISHING AND TRAPPING DATES

2001 SEASON (All Dates Inclusive)FISHINGTrout & Landlocked Salmon April 14– Oct 28Trout & Landlocked Salmon (Lake Champlain) No Closed SeasonLargemouth & Smallmouth Bass June 9 – Nov 30Catch & Release – Lakes and Ponds April 14– June 8Pickerel, N. Pike, Yellow Perch No Closed SeasonWalleye (Lake Champlain, Lake Carmi & certain areas of Lamoille & Missisquoi Rivers)May 6, 2000 - March 15, 2001May 5, 2001- March 15, 2002(All other waters except Connecticut River) No Closed SeasonSmelt May 26, 2001 - March 31, 2002Smelt (Lake Champlain) No Closed SeasonBIG GAME HUNTINGDeer (Bow & Arrow Only) Oct 6 –28Youth Deer Day Nov. 4, 2001Deer (16 Day regular season) Nov. 10 – Nov. 25Deer (Muzzleloader or Bow & Arrow Only) Dec 1 – 9Black Bear Sept. 1 – Nov. 14Turkey Spring May 1 – 31Fall seasons vary by wildlife management units

SMALL GAME HUNTINGHare, Rabbit Sept. 30, 2000 – March 11, 2001 & Sept. 29, 2001 – March 10, 2002Gray Squirrel Sept. 1 – Dec. 31Bobwhite Quail No Closed SeasonRuffed Grouse (Partridge) Sept. 29 – Dec. 31Woodcock Set AnnuallyPheasant Sept. 29 – Dec. 31Crow March 14 – April 30 & Aug. 16 – Oct 29FURBEARER HUNTINGBobcat Jan. 10 – Feb. 7Red & Gray Fox Oct. 27, 2001 – Feb. 10, 2002Raccoon Oct. 13 – Dec. 31Muskrat March 20 – April 19Coyote No Closed SeasonFURBEARER TRAPPINGMink, Skunk, Red & Gray Fox, Raccoon, Coyote Oct. 27 – Dec. 31Otter Oct. 27 – Dec. 31(Otter Continued During Beaver Season)Muskrat 4th Sat. in Oct. – April 19Fisher, Bobcat Dec. 1 – 16Beaver TO BE ANNOUNCEDMarten No Open SeasonWATERFOWL HUNTINGSet Annually

Read the Guide to Hunting, Fishing & Trapping Laws for more information and exceptions.Issued June, 2000 by the Vermont Fish and Wildlife Department, Waterbury, Vermont

CFC Phaseout Schedules: Allowed Production

and Consumption for Developed Countries

(percent of baseline)

1987 1990 1992 1990 1994

Original Montreal Protocol

London Montreal Protocol

Copenhagen Montreal Protocol

U.S. Clean Air Act Amendments

European Community Schedule

1990 100%        

1991 100% 100%   85%  

1992 100% 100%   80%  

1993 80% 80%   75% 50%

1994 80% 80% 25% 25% 15%

1995 80% 50% 25% 25% 0%

1996 80% 50% 0% 0%  

1997 80% 15%      

1998 80% 15%      

1999 50% 15%      

2000 50% 0%      

CFC Quotas

Kyoto Protocol

Kyoto Protocol

DistributionMinimum and maximum incomeAll corporate profits distributed to stockholders

Minimum: Speenhamland, minimum income Experiments, European social democracy,Welfare, dole, unemployment insurance. Alaska oil dividend.

Maximum: European marginal tax rates, USTax rates in 1950s.

21 years of dividends2002 $1,540.762001 $1,850.282000 $1,963.861999 $1,769.841998 $1,540.881997 $1,296.541996 $1,130.681995 $990.301994 $983.901993 $949.461992 $915.841991 $931.341990 $952.631989 $873.161988 $826.931987 $708.191986 $556.261985 $404.001984 $331.291983 $386.151982 $1,000.00

Shareholder Equity-dividends (ALASKA PF)

0

200

400

600

800

1,000

1,200

80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06

Alaska has the smallest gap between rich and poor of any state, according to figures released Wednesday by the U.S. Census Bureau. ALASKA Dividend checks help make for more equal distribution.

ESR Shareholder Equity

The Great Debate: Is There a Limit to

growth?“Yes”

• Physiocrats

• Classical economists

• Ecological economists

• Ecologists

“No”

• Neoclassical economists

• Corporations

• Politicians