Herman E. Daly - Even if we could grow our way out of the...

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.

Herman E. Daly

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Herman E. Daly Quotes

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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. Herman E. Daly

They Said So®

Keywords

grow crisis delay inevitable painful reconciliation virtual real wealth question wise thing marginal costs additional growth rich countries global warming biodiversity loss roadways choked cars exceed benefits extra consumption end result promoting economic makes poorer richer

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