“The laws of economics are subject to the laws of physics. The physical processes that govern this planet and the continued life upon it place as stringent an upper limit on economic growth as the speed of light does on our knowledge of the universe.”

— Ian McDonald, book River of Gods

Source: River of Gods (2006), Ch. 9 (p. 93).

Adopted from Wikiquote. Last update June 3, 2021. History

Help us to complete the source, original and additional information

Do you have more details about the quote "The laws of economics are subject to the laws of physics. The physical processes that govern this planet and the contin…" by Ian McDonald?

Ian McDonald photo

Ian McDonald30

British science fiction novelist 1960

Related quotes

“… the principle of the limiting character of the velocity of light. This statement… is not an arbitrary assumption but a physical law based on experience. In making this statement, physics does not commit the fallacy of regarding absence of knowledge as evidence for knowledge to the contrary. It is not absence of knowledge of faster signals, but positive experience which has taught us that the velocity of light cannot be exceeded. For all physical processes the velocity of light has the property of an infinite velocity. In order to accelerate a body to the velocity of light, an infinite amount of energy would be required, and it is therefore physically impossible for any object to obtain this speed. This result was confirmed by measurements performed on electrons. The kinetic energy of a mass point grows more rapidly than the square of its velocity, and would become infinite for the speed of light.”

Hans Reichenbach (1891–1953) American philosopher

The Philosophy of Space and Time (1928, tr. 1957)

“The laws of economic life are subject to the eternal laws of spiritual capital.”

Ted Malloch (1952) American businessman

Source: Doing Virtuous Business (Thomas Nelson, 2011), p. 36.

“It is no longer the moral, religious, spiritual condition of the people that is our concern, but their physical, practical, economical condition, as regulated by public laws.”

Thomas Carlyle (1795–1881) Scottish philosopher, satirical writer, essayist, historian and teacher

1820s, Signs of the Times (1829)

“Continuous expansion is a fundamental tenet of economics. Therefore one of the fundamentals of the universe itself. Because everything is economics. Physics is cosmic economics, biology is cellular economics, the humanities are social economics, psychology is mental economics, and so on.”

Kim Stanley Robinson book Green Mars

His listeners nodded unhappily.
“So everything is expanding. But it can’t happen in contradiction to the law of conservation of matter-energy. No matter how efficient your throughput is, you can’t get an output larger than the input.”
Source: Green Mars (1993), Chapter 2, “The Ambassador” (pp. 76-77)

“The attitude of Aristotelian physics toward lawfulness takes a new direction. So long as lawfulness remained limited to such processes as occurred repeatedly in the same way, it is evident, not only that the young physics still lacked the courage to extend the principle to all physical phenomena, but also that the concept of lawfulness still had a fundamentally historic, a temporally particular, significance. Stress was laid not upon the “general validity” which modem physics understands by lawfulness, but upon the events in the historically given world which displayed the required stability. The highest degree of lawfulness, beyond mere frequency, was characterized by the idea of the always eternal.”

Kurt Lewin (1890–1947) German-American psychologist

Source: 1930s, The conflict between Aristotelian and Galileian modes of thought in contemporary psychology, 1931, p. 147.

“The minimum principle that unified the knowledge of light, gravitation, and electricity of Hamilton's time no longer suffices to relate these fundamental branches of physics. Within fifty years of its creation, the belief that Hamilton's principle would outlive all other physical laws of physics was shattered. Minimum principles have since been created for separate branches of physics… but these are not only restricted… but seem to be contrived…
A single minimum principle, a universal law governing all processes in nature, is still the direction in which the search for simplicity is headed, with the price of simplicity now raised from a mastery of differential equations to a mastery of the calculus of variations.”

Morris Kline (1908–1992) American mathematician

Source: Mathematical Thought from Ancient to Modern Times (1972), p. 442.

“We must therefore not be discouraged by the difficulty of interpreting life by the ordinary laws of physics. For that is just what is to be expected from the knowledge we have gained of the structure of living matter. We must also be prepared to find a new type of physical law prevailing in it. Or are we to term it a non-physical, not to say a super-physical, law?”

Erwin Schrödinger book What Is Life?

What Is Life? (1944)

“It would be a triumph to find universal laws of organization for life, ecosystems, and biospheres. The candidate criticality law is emergent and not reducible to physics alone.”

Stuart Kauffman (1939) American biophysicist

Stuart A. Kauffman (2010) Reinventing the Sacred: A New View of Science, Reason, and Religion. p.40

“It offends reason to believe that a well-established natural law can admit of exceptions. A natural law must hold everywhere and always, or be invalid. I cannot believe, for example, that the universal law of gravitation, which governs the physical world, is ever suspended in any instance or at any point of the universe. Now I consider economic laws comparable to natural laws, and I have just as much faith in the principle of the division of labor as I have in the universal law of gravitation. I believe that while these principles can be disturbed, they admit of no exceptions.”

Gustave de Molinari (1819–1912) Belgian political economist and classical liberal theorist

Source: The Production of Security (1849), p. 25

“Hacking is the clever circumvention of imposed limits, whether imposed by your government, your IP server, your own personality, or the laws of physics.”

Jude Milhon (1939–2003) American hacker & author

The Joy of Hacker Sex http://www.dvara.net/hk/jude/TheJoyEn.html

Related topics