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 opportunity costs on the finite Whole that must be counted.
Herman E. DalyWe say we need to clean up the environment; to clean up the environment, we need to be richer. But maybe getting richer is actually making us poorer.
Herman E. DalyGrowth is widely thought to be the panacea for all the major economic ills of the modern world.
Herman E. Daly