We need an economics fit for purpose in a finite and entropic world. — Herman E. Daly Copy Share Image
The individualism of current economic theory is manifest in the purely self-interested behaviour it generally assumes. It has no real place for fairness, malevolence,… — Herman E. Daly Copy Share Image
Nonrenewable resources should be exploited, but at a rate equal to the creation of renewable substitutes. — Herman E. Daly Copy Share Image
If nonsatiety were the natural state of human nature then aggressive want-stimulating advertising would not be necessary, nor would the barrage of novelty aimed… — Herman E. Daly Copy Share Image
The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist.… — Herman E. Daly Copy Share Image
Malthus has been buried many times, and Malthusian scarcity with him. But as Garrett Hardin remarked, anyone who has to be reburied so often… — Herman E. Daly Copy Share Image
There is something fundamentally wrong in treating the Earth as if it were a business in liquidation. — Herman E. Daly Copy Share Image
Growth chestnuts have to be placed on the unyielding anvil of biophysical realities and then crushed with the hammer of moral argument. — Herman E. Daly Copy Share Image
But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth… — Herman E. Daly Copy Share Image
Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there… — Herman E. Daly Copy Share Image
While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces. — Herman E. Daly Copy Share Image
The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide. — Herman E. Daly Copy Share Image
Presumably, technology has made man increasingly independent of his environment. But, in fact, technology has merely substituted nonrenewable resources for renewables, which is more… — Herman E. Daly Copy Share Image
