“The economy is a wholly owned subsidiary of the environment, not the reverse.”
Herman E. Daly“There is something fundamentally wrong in treating the Earth as if it were a business in liquidation.”
Herman E. Daly“While the invisible hand looks after the private sector, the invisible foot kicks the public sector to pieces.”
Herman E. Daly“The economy is a wholly owned subsidiary of the environment, not the reverse.”
Herman E. Daly“Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimited growth.... Yet one certainly does not cure a treatment-induced disease by increasing the treatment dosage.”
Herman E. Daly, Steady-State Economics: Second Edition With New Essays“The individualism of current economic theory is manifest in the purely self-interested behavior it generally assumes. It has no real place for fairness, malevolence, and benevolence, nor for the preservation of human life or any other moral concern.”
Herman E. Daly, For the Common Good: Redirecting the economy toward community, the environment, and a sustainable future.