A just and efficient reduction of resource throughput to optimum

This paper builds on and integrates ideas developed in H. Daly's [Daly, H.E., 1992. Allocation, Distribution, and Scale: towards an economics that is efficient just, and sustainable. Ecological Economics 6, 185-193.] article on allocation, distribution, and scale, adding insights from the ecological footprint concept, to propose a mechanism for facilitating intergenerational equity and drastically reducing resource throughput. Basically the mechanism involves rationing throughput equitably, internalizing environmental and social externalities, and substituting labour for resource use. This can be achieved almost without a drop in prosperity. Both unemployment and dependence on scarce resources decline.