Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there is the question of whether this would be a wise thing to do. Marginal costs of… — 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
