It is imaginable that someday we will discover how to creat… - Herman Daly

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It is imaginable that someday we will discover how to create materials from nothing, how to achieve perpetual motion, how to reverse time’s arrow, and so on. But to take such science-fiction miracles as a basis for economic policy would be absurd.

Herman Daly

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About Herman Daly

Herman Edward Daly (July 21, 1938 – October 28, 2022) was an American ecological economist and professor at the School of Public Policy of University of Maryland, College Park.

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Alternative Names: Herman E Daly • Herman Edward Daly

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I'm no genius, and others can outwork me. What I do is ask the naive, honest questions, and then I’m not satisfied until I get the answers.

Organisms cannot survive in a medium consisting of their own final outputs. Neither can economies.

Economists have focused too much on the economy’s circulatory system and have neglected to study its digestive tract. Throughput growth means pushing more of the same food through an ever larger digestive tract; development means eating better food and digesting it more thoroughly.

It is imaginable that someday we will discover how to create materials from nothing, how to achieve perpetual motion, how to reverse time’s arrow, an… - Herman Daly

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