21 Quotes by Herman E. Daly

The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

Nonrenewable resources should be exploited, but at a rate equal to the creation of renewable substitutes.

Growth is widely thought to be the panacea for all the major economic ills of the modern world.

We say we need to clean up the environment; to clean up the environment, we need to be richer. But maybe getting richer is actually making us poorer.

Presumably, technology has made man increasingly independent of his environment. But, in fact, technology has merely substituted nonrenewable resources for renewables, which is more an increase than a decrease in dependence.

The individualism of current economic theory is manifest in the purely self-interested behaviour it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any other moral concern.

We need an economics fit for purpose in a finite and entropic world.

The problem with the World Bank has to do with development – the spreading of Western over-consumption worldwide.

But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.