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Quote by Hendrith Vanlon Smith Jr.

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Principles of a Permaculture Economy

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Hendrith Vanlon Smith Jr.

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“It is a matter of efficiency, practicality and productivity that labor as a whole be divided into specialty jobs that come together to produce greater value than could be produced without such division. Businesses will tend to create new jobs which serve a special function. Therefore, workers will be incentivized to skill themselves such that they may be employed in certain functional roles according to their availability in the marketplace. This phenomena contributes to efficiency at scale, in the economy. Any law or policy or cultural trend which inhibits the division of labor will consequently inhibit efficiency in the economy.”

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Book:Principles of a Permaculture Economy
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“In a Permacapital Economy, businesses are born and businesses die. When businesses are providing value to customers and society, and doing so with fair prices, better than their competitors - they remain alive. When businesses are unable or unwilling to provide value to customers and society and are overpriced and worse than competitors - they die. The process is determined by what is best for society, naturally, by the various mechanisms at play in the Permacapital Economy.”

EconomyEconomicsTradeEconomic PolicyTariffsEconomy QuotesPermacapital EconomicsTrade Deal
Book:Principles of a Permaculture Economy
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“Permacapital economics, with its foundational principles of efficiency, equitable growth, reciprocal prosperity, resource, efficiency, and ethical business practices, offers a potentially superior framework for achieving national and global economic resilience.”

Economy QuotesPermacapital EconomicsPermacapital EconomyWorld Economic Forum
Book:An Assessment of Historical Economic Frameworks & A Prescription of Permacapital Economics: A Doctoral Paper: Edition 1
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“Food waste cannot exist in a Permacapital Economy - all food produced is consumed wither by some biological organism like a person or a pet, or by another like a microbe or a fungus. For each organism or economic-participant, the bi-product produced after consumption is food to be consumed by another organism or economic participant. In such a system, waste does not exist; only resources. And in such a system, consumption is not evil; it is virtuous.”

PermacultureEconomy QuotesGlobal EconomicsPermacapital EconomicsPermacapital Economy
Book:An Assessment of Historical Economic Frameworks & A Prescription of Permacapital Economics: A Doctoral Paper: Edition 1
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“Permacapital Economics is all about Multiplicative Value Effects. A Multiplicative Value Effect is an effect that arises whereby many good things come from one thing. It's about the increased value that arises from the synergy that exists between connected value producers. Furthermore, Multiplicative Value Effects are distinguished by a reality whereby each unit of value produced multiplies with other units of value produced such that the total value produced is a multiple of the inputs, and not merely a sum of the inputs. This is how nature works. A seed planted in the soil for example, becomes an antennae for fungal networks, a partner for microbes, eventually grows into a home for insects and animals, eventually produces food for various life forms in the form of leaves and fruits, creates new soil which hosts more of the same processes, and eventually produces an abundance of seeds each of which can have the same effect the original seed had. And all the while, no waste is produced. This is Multiplicative Value Effects, and this is what we need in our economy.”

PermacultureEconomics QuotesPermacapital EconomicsPermacapital EconomyThe Economy
Book:An Assessment of Historical Economic Frameworks & A Prescription of Permacapital Economics: A Doctoral Paper: Edition 1
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“In a Permacapital Economy, the economic value of natural ecosystems and resources - including trees, forests, rivers, oceans, wildlife, insects, bacteria, fungi, etc - and their services to humans must be accounted for in the prices of products and services, and the accounting statements used to report on financial status.”

ForestsSustainabilityNature QuotesAccounting QuotesEconomics QuotesPermacapital EconomicsPermacapital Economy
Book:An Assessment of Historical Economic Frameworks & A Prescription of Permacapital Economics: A Doctoral Paper: Edition 1
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