Steady-State Economics Gary Flomenhoft VT Law School Class 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 Population Transferable birth licenses (China 1 child policy) (Demographic Trend)

Population growth

China population-1.22B-one child policy

Constant Goods Depletion quotas (Fisheries, hunting licenses) Pollution quotas (vehicle emissions, SO2)

Fishing quotas Lease15 Tons 19 Tons 8 Tons 2 Tons 25 Tons 1 TonNorth SeaCod Haddock Whiting Megrim Monks SkateMacduff Fish Selling Lease7 Tons 2 Tons 2 TonsWest CoastHaddock Monk MegrimMacduff Fish Selling

VERMONT HUNTING, FISHING AND TRAPPING DATES 2001 SEASON (All Dates Inclusive) FISHING Trout & Landlocked Salmon April 14– Oct 28 Trout & Landlocked Salmon (Lake Champlain) No Closed Season Largemouth & Smallmouth Bass June 9 – Nov 30 Catch & Release – Lakes and Ponds April 14– June 8 Pickerel, N. Pike, Yellow Perch No Closed Season Walleye (Lake Champlain, Lake Carmi & certain areas of Lamoille & Missisquoi Rivers) May 6, March 15, 2001 May 5, March 15, 2002 (All other waters except Connecticut River) No Closed Season Smelt May 26, March 31, 2002 Smelt (Lake Champlain) No Closed Season BIG GAME HUNTING Deer (Bow & Arrow Only) Oct 6 –28 Youth Deer Day Nov. 4, 2001 Deer (16 Day regular season) Nov. 10 – Nov. 25 Deer (Muzzleloader or Bow & Arrow Only) Dec 1 – 9 Black Bear Sept. 1 – Nov. 14 Turkey Spring May 1 – 31 Fall seasons vary by wildlife management units SMALL GAME HUNTING Hare, Rabbit Sept. 30, 2000 – March 11, 2001 & Sept. 29, 2001 – March 10, 2002 Gray Squirrel Sept. 1 – Dec. 31 Bobwhite Quail No Closed Season Ruffed Grouse (Partridge) Sept. 29 – Dec. 31 Woodcock Set Annually Pheasant Sept. 29 – Dec. 31 Crow March 14 – April 30 & Aug. 16 – Oct 29 FURBEARER HUNTING Bobcat Jan. 10 – Feb. 7 Red & Gray Fox Oct. 27, 2001 – Feb. 10, 2002 Raccoon Oct. 13 – Dec. 31 Muskrat March 20 – April 19 Coyote No Closed Season FURBEARER TRAPPING Mink, Skunk, Red & Gray Fox, Raccoon, Coyote Oct. 27 – Dec. 31 Otter Oct. 27 – Dec. 31 (Otter Continued During Beaver Season) Muskrat 4th Sat. in Oct. – April 19 Fisher, Bobcat Dec. 1 – 16 Beaver TO BE ANNOUNCED Marten No Open Season WATERFOWL HUNTING Set 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) Original Montreal Protocol London Montreal Protocol Copenhagen Montreal Protocol U.S. Clean Air Act Amendments European Community Schedule % % 85% % 80% % 75%50% % 25% 15% %50%25% 0% %50%0% %15% %15% %15% %0% CFC Quotas

Kyoto Protocol

Distribution Minimum and maximum income All 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, US Tax rates in 1950s.

Shareholder Equity-dividends (ALASKA PF) 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