--- title: "Meaning & Key Takeaway of: There is no single theory that is used in…" description: "\"There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.\" — Jeremy Grantham" image: "https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png" --- # There is no single theory that is used in economics that… ![“There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.” quote by Jeremy Grantham](https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png) [Download](https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png) [Open image](https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png) > “There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.” [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) ## About This Quote This interpretation was drafted with AI assistance. It is one reading of the quote, not the author's own explanation. Economics often ignores resource limits, leading to unsustainable policies. **In simple terms:** Economics neglects scarcity. Key Takeaway Consider resource limits. Themes economics environment sustainability Mood analytical concerned Type critical informative When to use this quote - energy planning - investment strategy - government regulation Key Concepts resource scarcity ecological economics policy analysis Questions to Reflect On - What policies address finite resources? - How can markets internalize scarcity? A Different Perspective Ignoring limits can cause market failures and crises. ★ ★ ★ ★ ★ No ratings yet [Considers](https://sms4smile.com/quotes/about/considers/) [Economics](https://sms4smile.com/quotes/about/economics/) [Economics Considers](https://sms4smile.com/quotes/about/economics-considers-1064608/) [Finite](https://sms4smile.com/quotes/about/finite/) [Finite Nature](https://sms4smile.com/quotes/about/finite-nature-1064610/) [Nature](https://sms4smile.com/quotes/about/nature/) [Resources](https://sms4smile.com/quotes/about/resources/) [Resources Shocking](https://sms4smile.com/quotes/about/resources-shocking-1064607/) [Shocking](https://sms4smile.com/quotes/about/shocking/) [Single](https://sms4smile.com/quotes/about/single/) [Single Theory](https://sms4smile.com/quotes/about/single-theory-1064609/) [Theory](https://sms4smile.com/quotes/about/theory/) [Used](https://sms4smile.com/quotes/about/used/) ## Related quotes > [Who does not sometimes envy the good and the brave, who are no more to suffer from the tumults of the natural world, and…](https://sms4smile.com/quotes/ralph-waldo-emerson/who-does-not-sometimes-envy-the-good-and-the-brave-who-are-no-more-to/) [Ralph Waldo Emerson](https://sms4smile.com/quotes/author/ralph-waldo-emerson/) > [Knowledge is not a series of self consistent theories that converges towards an ideal view; it is rather an ever increasing ocean of mutually…](https://sms4smile.com/quotes/paul-feyerabend/knowledge-is-not-a-series-of-self-consistent-theories-that-converges-2/) [Paul Feyerabend](https://sms4smile.com/quotes/author/paul-feyerabend/) > [No single theory ever agrees with all the facts in its domain](https://sms4smile.com/quotes/paul-feyerabend/no-single-theory-ever-agrees-with-all-the-facts-in-its-domain/) [Paul Feyerabend](https://sms4smile.com/quotes/author/paul-feyerabend/) > [To look for a single general theory of how to decide the right thing to do is like looking for a single theory of…](https://sms4smile.com/quotes/thomas-nagel/to-look-for-a-single-general-theory-of-how-to-decide-the-right-thing/) [Thomas Nagel](https://sms4smile.com/quotes/author/thomas-nagel/) > [I think it laughable, frankly, that the physics community comes up with a theory for everything. There isn't one theory for everything. There is…](https://sms4smile.com/quotes/edgar-mitchell/i-think-it-laughable-frankly-that-the-physics-community-comes-up-with/) [Edgar Mitchell](https://sms4smile.com/quotes/author/edgar-mitchell/) > [The revolution which began with the creation of quantum theory and relativity theory can only be finished with their unification into a single theory…](https://sms4smile.com/quotes/lee-smolin/the-revolution-which-began-with-the-creation-of-quantum-theory-and/) [Lee Smolin](https://sms4smile.com/quotes/author/lee-smolin/) > [It was Einstein's dream to discover the grand design of the universe, a single theory that explains everything. However, physicists in Einstein's day hadn't…](https://sms4smile.com/quotes/stephen-hawking/it-was-einstein-s-dream-to-discover-the-grand-design-of-the-universe/) [Stephen Hawking](https://sms4smile.com/quotes/author/stephen-hawking/) > [We live on a finite planet. We have finite resources, and we're running out of good, arable land.](https://sms4smile.com/quotes/jeremy-grantham/we-live-on-a-finite-planet-we-have-finite-resources-and-we-re-running/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [The principles governing Western democracies, of which Israel rightly considers itself a part, are based on the assurance that everyone has a vote, but…](https://sms4smile.com/quotes/edgar-bronfman-sr/the-principles-governing-western-democracies-of-which-israel-rightly/) [Edgar Bronfman, Sr](https://sms4smile.com/quotes/author/edgar-bronfman-sr/) > [There are things which we feel to be good and true, though in the cold light of reason and calculation many things remain incomprehensible…](https://sms4smile.com/quotes/vincent-van-gogh/there-are-things-which-we-feel-to-be-good-and-true-though-in-the-cold/) [Vincent Van Gogh](https://sms4smile.com/quotes/author/vincent-van-gogh/) > [The United States is a country where practically everybody considers himself middle class.](https://sms4smile.com/quotes/timothy-noah/the-united-states-is-a-country-where-practically-everybody-considers/) [Timothy Noah](https://sms4smile.com/quotes/author/timothy-noah/) > [Every madman considers everyone else a madman.](https://sms4smile.com/quotes/publilius-syrus/every-madman-considers-everyone-else-a-madman/) [Publilius Syrus](https://sms4smile.com/quotes/author/publilius-syrus/) > [“There is no help for it; for he considers, not what is truly respectable, but what is respected.”](https://sms4smile.com/quotes/henry-david-thoreau/there-is-no-help-for-it-for-he-considers-not-what-is-truly/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [If one considers more than need on how others feel, it is probable that in their past someone was seldom pleased with them.](https://sms4smile.com/quotes/senoraroy/if-one-considers-more-than-need-on-how-others-feel-it-is-probable/) [Senoraroy](https://sms4smile.com/quotes/author/senoraroy/) > [I'm typically single. I'm the girl who - I call it girl-next-door-itis - the hot guy is friends with and gets all his relationship…](https://sms4smile.com/quotes/taylor-swift/i-m-typically-single-i-m-the-girl-who-i-call-it-girl-next-door-itis/) [Taylor Swift](https://sms4smile.com/quotes/author/taylor-swift/) ## More by Jeremy Grantham > [The investment business has taught me – increasingly as the years have passed – that people, especially investors (and, I believe, Americans), prefer good…](https://sms4smile.com/quotes/jeremy-grantham/the-investment-business-has-taught-me-increasingly-as-the-years-have/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [The stock market is overpriced. Everything is overpriced. Junk is king.](https://sms4smile.com/quotes/jeremy-grantham/the-stock-market-is-overpriced-everything-is-overpriced-junk-is-king/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Some societies are also more optimistic than others: the U.S. and Australia are my two picks Tell a European you think there’s a housing…](https://sms4smile.com/quotes/jeremy-grantham/some-societies-are-also-more-optimistic-than-others-the-u-s-and/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [The potential for alternative energy sources, mainly solar and wind power, to completely replace coal and gas for utility generation globally is, I think,…](https://sms4smile.com/quotes/jeremy-grantham/the-potential-for-alternative-energy-sources-mainly-solar-and-wind/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Battering down solar cells on the roofs of Wal-Marts in California. I think that will be some of the highest-return investments that anyone ever…](https://sms4smile.com/quotes/jeremy-grantham/battering-down-solar-cells-on-the-roofs-of-wal-marts-in-california-i/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [When it comes to portfolios, my personal advice is for anyone who can, put money into forestry or farmland. Long term, you would probably…](https://sms4smile.com/quotes/jeremy-grantham/when-it-comes-to-portfolios-my-personal-advice-is-for-anyone-who-can/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [By background I'm both a Quaker and a Yorkshireman, which I like to call double jeopardy.](https://sms4smile.com/quotes/jeremy-grantham/by-background-i-m-both-a-quaker-and-a-yorkshireman-which-i-like-to/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Volatility is a symptom that people have no idea of the underlying value-that they have stopped playing the asset game. They're not buying because…](https://sms4smile.com/quotes/jeremy-grantham/volatility-is-a-symptom-that-people-have-no-idea-of-the-underlying/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Libertarians believe that any government interference is bad. Anyone with a brain knows that climate change needs governmental leadership, and they can smell this…](https://sms4smile.com/quotes/jeremy-grantham/libertarians-believe-that-any-government-interference-is-bad-anyone/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Think how weird profit margins are: We've got high unemployment and financial crises - and world record profit margins. People think the American market…](https://sms4smile.com/quotes/jeremy-grantham/think-how-weird-profit-margins-are-we-ve-got-high-unemployment-and/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Bubbles have quite a few things in common, but housing bubbles have a spectacular thing in common, and that is every one of them…](https://sms4smile.com/quotes/jeremy-grantham/bubbles-have-quite-a-few-things-in-common-but-housing-bubbles-have-a/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Modern agriculture has been accurately described as a way of turning oil into food. As the price of oil continues to rise, so will…](https://sms4smile.com/quotes/jeremy-grantham/modern-agriculture-has-been-accurately-described-as-a-way-of-turning/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [The individual is far better-positioned to wait patiently for the right pitch while paying no regard to what others are doing, which is almost…](https://sms4smile.com/quotes/jeremy-grantham/the-individual-is-far-better-positioned-to-wait-patiently-for-the/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [Ridiculous as our market volatility might seem to an intelligent Martian, it is our reality and everyone loves to trot out the 'quote' attributed…](https://sms4smile.com/quotes/jeremy-grantham/ridiculous-as-our-market-volatility-might-seem-to-an-intelligent/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) > [We live on a finite planet. We have finite resources, and we're running out of good, arable land.](https://sms4smile.com/quotes/jeremy-grantham/we-live-on-a-finite-planet-we-have-finite-resources-and-we-re-running/) [Jeremy Grantham](https://sms4smile.com/quotes/author/jeremy-grantham/) [Explore all 60 Jeremy Grantham quotes ](https://sms4smile.com/quotes/author/jeremy-grantham/) ## More Considers quotes > [I'm typically single. I'm the girl who - I call it girl-next-door-itis - the hot guy is friends with and gets all his relationship…](https://sms4smile.com/quotes/taylor-swift/i-m-typically-single-i-m-the-girl-who-i-call-it-girl-next-door-itis/) [Taylor Swift](https://sms4smile.com/quotes/author/taylor-swift/) > [If one considers more than need on how others feel, it is probable that in their past someone was seldom pleased with them.](https://sms4smile.com/quotes/senoraroy/if-one-considers-more-than-need-on-how-others-feel-it-is-probable/) [Senoraroy](https://sms4smile.com/quotes/author/senoraroy/) > [“There is no help for it; for he considers, not what is truly respectable, but what is respected.”](https://sms4smile.com/quotes/henry-david-thoreau/there-is-no-help-for-it-for-he-considers-not-what-is-truly/) [Henry David Thoreau](https://sms4smile.com/quotes/author/henry-david-thoreau/) > [Every madman considers everyone else a madman.](https://sms4smile.com/quotes/publilius-syrus/every-madman-considers-everyone-else-a-madman/) [Publilius Syrus](https://sms4smile.com/quotes/author/publilius-syrus/) > [The United States is a country where practically everybody considers himself middle class.](https://sms4smile.com/quotes/timothy-noah/the-united-states-is-a-country-where-practically-everybody-considers/) [Timothy Noah](https://sms4smile.com/quotes/author/timothy-noah/) > [There are things which we feel to be good and true, though in the cold light of reason and calculation many things remain incomprehensible…](https://sms4smile.com/quotes/vincent-van-gogh/there-are-things-which-we-feel-to-be-good-and-true-though-in-the-cold/) [Vincent Van Gogh](https://sms4smile.com/quotes/author/vincent-van-gogh/) > [The principles governing Western democracies, of which Israel rightly considers itself a part, are based on the assurance that everyone has a vote, but…](https://sms4smile.com/quotes/edgar-bronfman-sr/the-principles-governing-western-democracies-of-which-israel-rightly/) [Edgar Bronfman, Sr](https://sms4smile.com/quotes/author/edgar-bronfman-sr/) > [Neoliberalism considers the discourse of equality, justice, and democracy quaint, if not dangerous and must be either trivialized, turned into its Orwellian opposite, or…](https://sms4smile.com/quotes/henry-giroux/neoliberalism-considers-the-discourse-of-equality-justice-and/) [Henry Giroux](https://sms4smile.com/quotes/author/henry-giroux/) > [India considers Saudi Arabia a center of stability in the region. The security and stability of the Gulf region and that of the Indian…](https://sms4smile.com/quotes/salman-khurshid/india-considers-saudi-arabia-a-center-of-stability-in-the-region-the/) [Salman Khurshid](https://sms4smile.com/quotes/author/salman-khurshid/) > [He who considers too much will perform little.](https://sms4smile.com/quotes/friedrich-schiller/he-who-considers-too-much-will-perform-little/) [Friedrich Schiller](https://sms4smile.com/quotes/author/friedrich-schiller/) > [From here, it becomes an engineering problem; the engineer considers the ground motion that will occur and evaluates the requirements of the proposed structure…](https://sms4smile.com/quotes/charles-francis-richter/from-here-it-becomes-an-engineering-problem-the-engineer-considers/) [Charles Francis Richter](https://sms4smile.com/quotes/author/charles-francis-richter/) > [He considers the theatrical version of Fanny and Alexander an amputated version of what his original film was, and he doesn't really like the…](https://sms4smile.com/quotes/bille-august/he-considers-the-theatrical-version-of-fanny-and-alexander-an/) [Bille August](https://sms4smile.com/quotes/author/bille-august/) > [For an American, there's no automatic place where people love the art of poetry. There's not a social class that considers poetry its property…](https://sms4smile.com/quotes/robert-pinsky/for-an-american-there-s-no-automatic-place-where-people-love-the-art/) [Robert Pinsky](https://sms4smile.com/quotes/author/robert-pinsky/) > [“What someone considers truth is considered by someone else as a lie”](https://sms4smile.com/quotes/bangambiki-habyarimana/what-someone-considers-truth-is-considered-by-someone-else-as-a-lie/) [Bangambiki Habyarimana](https://sms4smile.com/quotes/author/bangambiki-habyarimana/) > [The truth of the scholar, alone in his study, does not always accord with what the world at large considers to be true.](https://sms4smile.com/quotes/eiji-yoshikawa/the-truth-of-the-scholar-alone-in-his-study-does-not-always-accord/) [Eiji Yoshikawa](https://sms4smile.com/quotes/author/eiji-yoshikawa/) [Browse all 30 Considers quotes ](https://sms4smile.com/quotes/about/considers/) ```json { "@context": "https://schema.org", "@graph": [ { "@type": "Quotation", "text": "There is no single theory that is used in economics that considers the finite nature of resources. It's shocking.", "creator": { "@type": "Person", "name": "Jeremy Grantham" }, "isPartOf": { "@id": "https://sms4smile.com/quotes/#website" }, "url": "https://sms4smile.com/quotes/jeremy-grantham/there-is-no-single-theory-that-is-used-in-economics-that-considers/", "about": { "@type": "Thing", "name": "Considers" }, "@id": "https://sms4smile.com/quotes/jeremy-grantham/there-is-no-single-theory-that-is-used-in-economics-that-considers/#quotation", "image": { "@type": "ImageObject", "@id": "https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png", "contentUrl": "https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png", "url": "https://sms4smile.com/quotes/i/c5d/jeremy-grantham-11433_considers_there-is-no-single-theory-that-is-used-i_882286.png", "width": 1080, "height": 1080, "caption": "“There is no single theory that is used in economics that considers the finite nature of resources. It's…” — Jeremy Grantham", "creditText": "SMS4Smile Quotes", "creator": { "@id": "https://sms4smile.com/quotes/#organization" } } }, { "@type": "BreadcrumbList", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://sms4smile.com/" }, { "@type": "ListItem", "position": 2, "name": "Quotes", "item": "https://sms4smile.com/quotes/" }, { "@type": "ListItem", "position": 3, "name": "Jeremy Grantham", "item": "https://sms4smile.com/quotes/author/jeremy-grantham/" }, { "@type": "ListItem", "position": 4, "name": "There is no single theory that...", "item": "https://sms4smile.com/quotes/jeremy-grantham/there-is-no-single-theory-that-is-used-in-economics-that-considers/" } ], "@id": "https://sms4smile.com/quotes/jeremy-grantham/there-is-no-single-theory-that-is-used-in-economics-that-considers/#breadcrumb" }, { "@type": "WebSite", "@id": "https://sms4smile.com/quotes/#website", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "publisher": { "@id": "https://sms4smile.com/quotes/#organization" } }, { "@type": "Organization", "@id": "https://sms4smile.com/quotes/#organization", "name": "SMS4Smile Quotes", "url": "https://sms4smile.com/quotes/", "logo": { "@type": "ImageObject", "url": "https://sms4smile.com/quotes/wp-content/themes/sq/assets/icons/icon-512.png", "width": 512, "height": 512 } } ] } ```