Herman E. Daly Quotes (17 quotes) | Quotes of famous people

Herman E. Daly and Joshua Farley, in Ecological Economics: Principles and Applications. (2003), page 234. quoted in Beyond GDP Measuring progress, true wealth, and the well-being of nations http://ec.europa.eu/environment/beyond_gdp/key_quotes_en.html, European Commission:Environment

“Current economic growth has uncoupled itself from the world and has become irrelevant. Worse, it has become a blind guide.”

Herman E. Daly

Source: Steady-State Economics, 1977, p. 108

“Economic logic requires that we maximize the productivity of the limiting factor in the short run, and invest in increasing its supply in the long run. When the limiting factor changes, then behavior that used to be economic becomes uneconomic. Economic logic remains the same, but the pattern of scarcity in the world changes, with the result that behavior must change if it is to remain economic. Instead of maximizing returns to and investing in man-made capital (as was appropriate in an empty world), we must now maximize returns to and invest in natural capital (as is appropriate in a full world). This is not “new economics,” but new behavior consistent with “old economics” in a world with a new pattern of scarcity.”

Herman E. Daly

Herman E. Daly (1994) in: AnnMari Jansson. Investing in Natural Capital: The Ecological Economics Approach To Sustainability. 1994. p. 24

“The economy is a wholly owned subsidiary of the environment, not the reverse.”

Herman E. Daly

Attributed to Herman Daly in: Tristan Clark (2007). Stick This in Your Memory Hole. p. 19

“Once we have replaced the basic premise of “more is better” with the much sounder axiom that “enough is best,” the social and technical problems of moving to a steady state become solvable, perhaps even trivial.”

Herman E. Daly

Source: Steady-State Economics, 1977, p. 2

“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.”

Herman E. Daly

Herman E. Daly (2008), as cited in: Ian Jenkins, ‎Roland Schröder (2013). Sustainability in Tourism: A Multidisciplinary Approach. p. 143

“The cosmology of scientific materialism … considers the cosmos an absurd accident, and life within it to be no more than another accident.”

Herman E. Daly

Herman E. Daly, " Feynman's Unanswered Question http://journals.gmu.edu/PPPQ/article/view/172", Philosophy and Public Policy Quarterly, volume 26, number 1/2 (Winter/Spring 2006), p. 14

“Instead the economy is a subsystem of the finite biosphere that supports it. When the economy’s expansion encroaches too much on the surrounding biosphere, we begin to sacrifice natural capital (animals, plants, minerals and fossil fuels) that is worth more than the manmade capital (roads, factories, appliances) added by ‘growth’.”

Herman E. Daly

A steady-state economy, 2008