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Economics Quotes Quotes

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Economics Quotes Quotes

“With Permacapital Economics, there is no need to limit growth or acknowledge so called planetary boundaries because of the "Produce No Waste" key constraint. By designing an economic system whereby waste does not exist, everything produced is profitably consumed - even bi-products, and therefore growth and productivity in our human civilization becomes a net value-adder to the planet and its ecosystems. We become, through our growth, benefactors of planetary wellbeing as opposed to deterrents of it. Just as a tree, and its growth, becomes a net value-adder to the forest. This is what Permacapital Economics is all about.”

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Author:Hendrith Vanlon Smith Jr.
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“Permaculture economics is a new and novel sustainable framework that integrates permaculture principles with capitalist fundamentals. It prioritizes wealth cultivation, ecological harmony, sustainability, and efficient capital use, encouraging businesses to operate ethically and responsibly. This approach seeks a balance between economic growth, wealth equity, and environmental sustainability, promoting a regenerative and harmonious economic system.”

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Author:Hendrith Vanlon Smith Jr.
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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.”

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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.”

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