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Cost Quote by Herman E. Daly

“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 does inflict opportunity costs on the finite Whole that must be counted.” quote by Herman E. Daly
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“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 does inflict opportunity costs on the finite Whole that must be counted.”

Herman E. Daly

About This Quote

The economy is a subset of the natural ecosystem, and its growth incurs real costs to the whole.

In simple terms: Economy is part of nature; growth has costs.

Key Takeaway

Balance economic growth with ecological limits.

Themes

sustainability economics ecology

Mood

concerned analytical

Type

philosophical policy

When to use this quote

  • policy making
  • business strategy
  • urban planning
  • investment decisions

Key Concepts

systems theory resource management environmental ethics

Questions to Reflect On

  • How can we measure true cost?
  • What policies protect the whole?
A Different Perspective

Economic growth often ignores hidden ecological costs.

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