Illth
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Illth, coined by John Ruskin in the 1860s, is the reverse of wealth in the sense of ill being the opposite of well.
John Ruskin, who coined the term Illth in Unto This Last.
John Ruskin by a Roycrofter
Steady-state economy
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A steady-state economy is an economy made up of a constant stock of physical wealth and a constant population size. In effect, such an economy does not grow in the course of time. The term usually ref
Illth
…in an 1889 essay. In the context of modern economic theory and practice, the term has been central to the work of Herman Daly and his advocacy for a steady-state economy. Dismal Science…
Smith examined the economic states of various nations in the world.
Ricardo was opposed to the interests of the landowning class.
Mill believed the future stationary state was both inevitable, necessary and desirable.
Marx replaced the concept of a stationary state with his vision of a communist society that would bring about abundance for everybody.