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

- Herman E. Daly

The individualism of current economic theory is manifest in the purely self-interested behaviour it generally assumes. It has no real place for fairn…

- Herman E. Daly

Environmental degradation is an iatrogenic disease induced by economic physicians who treat the basic malady of unlimited wants by prescribing unlimi…

- Herman E. Daly

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 opportunit…

- Herman E. Daly

The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, soc…

- Herman E. Daly

Presumably, technology has made man increasingly independent of his environment. But, in fact, technology has merely substituted nonrenewable resourc…

- Herman E. Daly

If nonsatiety were the natural state of human nature then aggressive want-stimulating advertising would not be necessary, nor would the barrage of no…

- Herman E. Daly

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

- Herman E. Daly

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

- Herman E. Daly