I think technology in the past has been aimed at increasing the productivity of labor and of capital. In the future, technology is going to be more aimed at increasing the productivity of resources. So in the past, to get the productivity of labor up or capital up, we use resources lavishly. In the future, I think we're going to focus on the productivity of resources and we're going to have to use labor and capital more abundantly and resources more carefully. That will imply a different technology than the one that we have pushed in the past.
08.05.2007,
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Herman E. Daly is an ecological economist and professor at the Maryland School of Public Affairs. Prior to his work at the Maryland School of Public Affairs, he worked at the World Bank, where he was Senior Economist in the Environment Department, helping to develop policy guidelines related to sustainable development. While there, he was engaged in environmental operations work in Latin America. He is co-founder and associate editor of the journal, Ecological Economics. His interest in economic development, population, resources, and environment has resulted in over a hundred articles as well as numerous books. His awards include the Grawemeyer Award for ideas for improving World Order, of the Honorary Right Livelihood Award, the Heineken Prize for Environmental Science from the Royal Netherlands Academy of Arts and Sciences and the Sophie Prize awarded by Norway.
