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An Assessment of Historical Economic Frameworks & A Prescription of Permacapital Economics: A Doctoral Paper: Edition 1

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Hendrith Vanlon Smith Jr

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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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