Daly, an economist who envisioned a new practice of his field, a discipline known as ecological economics ... broadly speaking, as a circular flow of money. But “as the economy expands, it ...

What is not seen in the blank spaces around Samuelson’s circular flow model are the vast quantities of energy ... proved profoundly dangerous for life on Earth. Facing up to the ecological ...

The circular flow model demonstrates how money moves endlessly from producers to households, then back from households to producers. It factors into a country’s gross domestic product (GDP).