Growth is widely thought to be the panacea for all the major economic ills of the modern world.
Herman E. DalyBut 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. DalyThere is something fundamentally wrong in treating the Earth as if it were a business in liquidation.
Herman E. Daly