If we can recognize that change and uncertainty are basic principles, we can greet the future and the transformation we are undergoing with the understanding that we do not know enough to be pessimistic.
Hazel HendersonContrary to economists' beliefs, the informal sectors of the world's economies, in total, are predominant, and the institutionalized, monetized sectors grow out of them and rest upon them, rather than the reverse.
Hazel HendersonI suspected economics was irredeemable as a policy tool for citizens groups. I saw economics lead its practitioners and citizens alike into a form of brain-damaging indoctrination.
Hazel HendersonI make no pretensions to 'objectivity,' a fraudulent concept in an era of industrialized and politicized science in which intellectual mercenaries too often serve power and greed, the ambitions of competing nation-states, or the requirements of commerce.
Hazel HendersonMilitarism is the most energy-intensive, entropic activity of humans, since it converts stored energy and materials directly into waste and destruction without any useful intervening fulfillment of basic human needs. Ironically, the net effect of military, as opposed to civilian, expenditures is to increase unemployment and inflation.
Hazel HendersonThe US economy, because it's so energy wasteful, is much less efficient than either the European or Japanese economies. It takes us twice as much energy to produce a unit of GDP as it does in Europe and Japan. So, we're fundamentally less efficient and therefore less competitive, and the sooner we begin to tighten up, the better it will be for our economy and society.
Hazel Henderson