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Even if we can never quantify [satisfaction or happiness]... as precisely as we currently quantify GNP,... perhaps it is better to be vaguely right t… - Herman Daly
" "Even if we can never quantify [satisfaction or happiness]... as precisely as we currently quantify GNP,... perhaps it is better to be vaguely right than precisely wrong.
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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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Herman E Daly
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Herman Edward Daly
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Additional quotes by Herman Daly
The notion of a steady state has meant different things at different times in history. To the traditional or classical economist, the steady state takes the biophysical dimensions of the planet — including population and available resources — as given and adapts technology and tastes to these objective conditions.
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