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Herman E. Daly Quotes: But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.
         

But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.


Herman E. Daly
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Other quotes of Herman E. Daly


There is something fundamentally wrong in treating the Earth as if it were a business in liquidation.

There is something fundamentally wrong in treating the Earth as if it were a business in liquidation.



We need an economics fit for purpose in a finite and entropic world.

We need an economics fit for purpose in a finite and entropic world.



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

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



Malthus has been buried many times, and Malthusian scarcity with him. But as Garrett Hardin remarked, anyone who has to be reburied so often cannot be entirely dead.

Malthus has been buried many times, and Malthusian scarcity with him. But as Garrett Hardin remarked, anyone who has to be reburied so often cannot be entirely dead.



Nonrenewable resources should be exploited, but at a rate equal to the creation of renewable substitutes.

Nonrenewable resources should be exploited, but at a rate equal to the creation of renewable substitutes.



Growth is widely thought to be the panacea for all the major economic ills of the modern world.

Growth is widely thought to be the panacea for all the major economic ills of the modern world.



Reproduction is more pleasurable than death.

Reproduction is more pleasurable than death.



While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.

While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.



The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.

The problem with the World Bank has to do with development - the spreading of Western over-consumption worldwide.



Growth chestnuts have to be placed on the unyielding anvil of biophysical realities and then crushed with the hammer of moral argument.

Growth chestnuts have to be placed on the unyielding anvil of biophysical realities and then crushed with the hammer of moral argument.





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Let me in the ring. I'll show you what that big word means.

Let me in the ring. I'll show you what that big word means.



Without asking anybody’s advice I turned myself insane sitting under the same sun and the same clouds.

Without asking anybody’s advice I turned myself insane sitting under the same sun and the same clouds.



There is nothing more secure in a relationship than a sense of insecurity.

There is nothing more secure in a relationship than a sense of insecurity.



Great perils have this beauty, that they bring to light the fraternity of strangers.

Great perils have this beauty, that they bring to light the fraternity of strangers.



Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time.

Material goods consist of useful material things, and of all rights to hold, or use, or derive benefits from material things, or to receive them at a future time.



Fashion is not frivolous. I am a businesswoman, a very serious person.

Fashion is not frivolous. I am a businesswoman, a very serious person.



He was the ultimate experiment in Nature Versus Nurture, and she imagined he must be engaged in a constant battle between what he was and what he wanted to be.

He was the ultimate experiment in Nature Versus Nurture, and she imagined he must be engaged in a constant battle between what he was and what he wanted to be.



The trouble with the world is not that people know too little; it's that they know so many things that just aren't so.

The trouble with the world is not that people know too little; it's that they know so many things that just aren't so.



Constant Penelope sends to thee, careless Ulysses. Write not again, but come, sweet mate

Constant Penelope sends to thee, careless Ulysses. Write not again, but come, sweet mate



I love doing sitcoms. I love doing comedy. I love the whole shooting match.

I love doing sitcoms. I love doing comedy. I love the whole shooting match.




Quote Description


This page presents the quote "But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.". Author of this quote is Herman E. Daly. This quote is about macro, natural, finite, whole, economy, doe, growth, opportunity,.