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.”
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.
Balance economic growth with ecological limits.
Themes
Mood
Type
When to use this quote
- policy making
- business strategy
- urban planning
- investment decisions
Key Concepts
Questions to Reflect On
- How can we measure true cost?
- What policies protect the whole?
Economic growth often ignores hidden ecological costs.