“If economic reality is actually so complex that it can only be described by complicated mathematical models that add epicycles to epicycles and externalities to externalities, then the reality should be simplified.”

— Herman E. Daly

Source: Steady-State Economics, 1977, p. 4

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Herman E. Daly 17

American economist 1938

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“If economic reality is actually so complex that it can only be described by complicated mathematical models that add epicycles to epicycles and externalities to externalities, then the reality should be simplified.”

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Herman E. Daly 17

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