Herman Daly citations (17 citations)

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.”

Help us translate this quote

Herman E. Daly

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

“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.”

Help us translate this quote

Herman E. Daly

A steady-state economy, 2008

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

Help us translate this quote

Herman E. Daly

Source: Steady-State Economics, 1977, p. 22

“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.”

Help us translate this quote

Herman E. Daly

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

“The optimal scale of the economy is smaller, the greater (a) the degree of complementarity between natural and man-made capital; (b) our desire for direct experience of nature; and (c) our estimate of both the intrinsic and instrumental value of other species. The smaller the optimal scale of the economy, the sooner its physical growth becomes uneconomic.”

Help us translate this quote

Herman E. Daly

Ecological Economics and the Ecology of Economics: Essays. 1999, p. 20.

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

Help us translate this quote

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.”

Help us translate this quote

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.”

Help us translate this quote

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.”

Help us translate this quote

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