This is not to say that economic efficiency is irrelevant to sustainable development as reducing the quantity of natural resources used up per unit of human satisfaction will clearly help reduce demands on the environment however as will be shown economic efficiency is not a sufficient condition for sustainable development. Daly argues that if sustainable development means anything at this historical moment it demands that we conceive of the economy as part of the ecosystem and as a result give up on the ideal of economic growth we need a global understanding of developing welfare that does not entail expansion. Sustained and inclusive economic growth can drive progress create decent jobs for all and improve living standards covid 19 has disrupted billions of lives and endangered the global economy the . The aim of this module is to provide an understanding on the application of economic analysis to key topics in environmental sustainability and economic development and to equip students with the knowledge and tools required to analyse and critically discuss the trade offs between economic growth social equity and environmental sustainability. Praise for beyond growth the economics of sustainable development daly is turning economics inside out by putting the earth and its diminishing natural resources at the center of the field a kind of reverse copernican revolution in economics
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