herman Daly

Charged with assessing the achievements of others, a jury that includes IPCC chairman Pachauri decides to heap honours on one of its own.

Ecological economists such as Herman Daly write that the more full the world becomes, the higher are the social or external costs of production.
Social or external costs are costs of production that are not captured in the price of the products. For example, dead zones in the Gulf of Mexico that result from chemicals used in agriculture are not included as costs in agricultural production. The price of food does not include the damage to the Gulf.