“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.”

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

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Herman E. Daly 17
American economist 1938

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