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Economics Quote by Wolfgang Sachs

“Kenneth Boulding’s bon mot, ‘To believe that the economy can grow forever in a finite world, you have to be a madman or an economist’.” quote by Wolfgang Sachs
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““Kenneth Boulding’s bon mot, ‘To believe that the economy can grow forever in a finite world, you have to be a madman or an economist’.””

Wolfgang Sachs

About This Quote

Source Speech: Interview with Wolfgang Sachs, 2008

The quote critiques the idea of endless economic growth on a planet with limited resources, labeling such belief as irrational or overly optimistic.

In simple terms: Endless growth on a finite planet is unrealistic.

Key Takeaway

Question sustainability limits.

Themes

economics environment growth sustainability

Mood

cautious critical

Type

analytical philosophical

When to use this quote

  • policy making
  • business strategy
  • personal consumption

Key Concepts

limits finite resources growth paradox

Questions to Reflect On

  • What alternatives to endless growth exist?
  • How can we balance development with planetary boundaries?
A Different Perspective

Assumes all economists ignore limits.

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