“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.”

— Herman E. Daly

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

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Herman E. Daly 17

American economist 1938

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