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

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

English
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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.

Also Known As

Alternative Names: Herman E Daly Herman Edward Daly
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Additional quotes by Herman Daly

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.

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We have lived for 200 years in a growth economy. In this time we have come to believe that all our major economic ills – from unemployment and poverty to overpopulation and even environmental degradation – can be solved by more growth. And if the global economy existed in a void perhaps that would be true. But it does not.

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