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Quote by Herman E. Daly

“The laws of thermodynamics restrict all technologies, man's as well as nature's, and apply to all economic systems whether capitalist, communist, socialist, or fascist. We do not create or destroy (produce or consume) anything in a physical sense- we merely transform or rearrange. And the inevitable cost of arranging greater order in one part of the system (the human economy) is creating a more than offsetting amount of disorder elsewhere (the natural environment).”

Quote by Herman E. Daly

Author

Herman E. Daly is a renowned economist known for his contributions to the field of sustainable development. His research in environmental and ecological economics has had a profound impact on global policy-making. more

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