Herman E. Daly Quotes

The laws of thermodynamics restrict all technologies, man’s as well as nature’s, Herman E. Daly Picture Quote

Economy Quotes, Environment Quotes, Nature Quotes

The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist. We do not create or destroy (produce or consume) anything in a physical sense- we merely transform or rearrange. And the inevitable cost of arranging greater order in one part of the system (the human economy) is creating a more than offsetting amount of disorder elsewhere (the natural environment).

Even if we could grow our way out of the crisis and Herman E. Daly Picture Quote

Growth Quotes, Wise Quotes

Even if we could grow our way out of the crisis and delay the inevitable and painful reconciliation of virtual and real wealth, there is the question of whether this would be a wise thing to do. Marginal costs of additional growth in rich countries, such as global warming, biodiversity loss and roadways choked with cars, now likely exceed marginal benefits of a little extra consumption. The end result is that promoting further economic growth makes us poorer, not richer.