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Permacapital Economics Quotes

Browse 19 quotes about Permacapital Economics.

Permacapital Economics 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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“A core element of Permacapital Economics Is the price mechanism. Whereby, individual economic participants determine the prices of the products and services they sell and buy, according to supply and demand. Supply and demand is based on individual choices. Supply and demand determines the production of and prices of products and services. Prices naturally strive for equilibrium, as if being led by an invisible hand. Because buyers will always have a highest price point beyond which they are unwilling to pay for a given product or service, thereby making it unprofitable for sellers to attempt to sell those products or services beyond that price point. Similarly, sellers have a lowest price point beyond which they are unwilling or unable to sell a given product or service. This generally eliminates the existence of products or services which provide no net gain to society. The price system is the most efficient mechanism for ensuring that the needs and desires of buyers and sellers are adequately met among people in society, and that members of society at large has access to the highest quality and quantity of products and services.”

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Book:Principles of a Permaculture Economy
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“The "Push to Perfection Mechanism" is a vital component of a Permacapital Economy. In this type of economy, there is a strong emphasis on timely and voluntary exchange of services and payments between employees, suppliers, and customers. All parties involved expect accountability from businesses, although their expectations differ.”

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Book:Principles of a Permaculture Economy
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“Productivity is a crucial economic driver in both capitalism and Permacapital Economics. However, the frameworks differ in their approach to its purpose and the ethical and social considerations that surround its pursuit. Capitalism often prioritizes productivity as a means to maximize profit and economic growth, while Permacapital Economics seeks to harness productivity for sustainable value creation and equitable distribution within ecological limits.”

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Book:Principles of a Permaculture Economy
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“A core element of Permacapital Economics is the voluntary exchange of products and services between people, businesses and governments. Each economic participant is free to choose who they will buy from and sell to. There is no force, collusion, or coercion determining the exchange of products or services.”

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Book:Principles of a Permaculture Economy
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“In a Permacapital Economy, the patterns of production, the uses of private property, the delegation of resources, the regulation of industry/commerce, and the movement of prices are all based largely on the desires and demands of the consumers, within the reasonable limits of regulation. Too much consumer sovereignty will result in the pursuit of low prices and convenience Being at the expense of good wages, harmony with nature, social cohesion, etc. Too little consumer sovereignty will result in the dominance of government and industry to the extent that the freedoms (liberties) of the people are infringed upon and the efficiency of the whole economy is reduced.”

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Book:Principles of a Permaculture Economy
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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.”

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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.”

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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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“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.”

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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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“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.”

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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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