Nothing fails like success because we don't learn from it. We learn only from failure.
Kenneth E. BouldingRead
Economics has been incurably growth-oriented and addicted to everybody growing richer, even at the cost of exhaustion of resources and pollution of the environment.
Interpretation
What this quote means
The quote critiques the relentless pursuit of economic growth, highlighting its detrimental effects on resources and the environment.
Kenneth E. Boulding emphasizes the obsession with continual economic growth as a fundamental flaw in economics. This addiction to increasing wealth often comes at the expense of environmental degradation and resource depletion, suggesting that a more sustainable approach is necessary for a healthier planet and society.
Themes
EconomicsGrowthEnvironmentResourcesSustainability
In practice
Example use cases
During a presentation on environmental policies, this quote can highlight the need for sustainable economic practices.
More from Kenneth E. Boulding
All quotes βAs long as man was small in numbers and limited in technology, he could realistically regard the earth as an infinite reservoir, an infinite source of inputs and an infinite cesspool for outputs. Today we can no longer make this assumption. Earth has become a space ship, not only in our imagination but also in the hard realities of the social, biological, and physical system in which man is enmeshed.
Kenneth E. BouldingRead
Mathematics brought rigor to Economics. Unfortunately, it also brought mortis.
Kenneth E. BouldingRead
Are we to regard the world of nature simply as a storehouse to be robbed for the immediate benefit of man? ... Does man have any responsibility for the preservation of a decent balance in nature, for the preservation of rare species, or even for the indefinite continuance of his race?
Kenneth E. BouldingRead
Similar quotes
It is inherent in the nature of the capitalistic economy that, in the final analysis, the employment of the factors of production is aimed only toward serving the wishes of consumers.
Ludwig Von MisesRead
A winner-takes-all economy that offers only limited access to the middle class is a recipe for democratic malaise and dereliction.
Klaus SchwabRead
Why does a public discussion of economic policy so often show the abysmal ignorance of the participants?
Robert SolowRead
When you bring in multi-brand retail items into the country, you're not just bringing the products, but you're also harming local manufacturers.
Narendra ModiRead
The Middle East has the highest unemployment percentage of any region in the world we have the largest youth cohort of history coming into the market place that frustration does translate into the political sphere when people are hungry and without jobs.
Abdullah Ii Of JordanRead
Competition is the most promising means to achieve and secure prosperity. It alone enables people in their role of consumer to gain from economic progress. It ensures that all advantages which result from higher productivity may eventually be enjoyed.
Ludwig ErhardRead