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Date of Publication: September 5, 2014
Year of Publication: 2014
Publisher: Center for the Advancement of the Steady State Economy (CASSE)
Author(s): Herman Daly
Newspaper: The Daly News
Herman Daly discusses ’Three Limits to Growth’:
”As production (real GDP) grows, its marginal utility declines, because we satisfy our most important needs first. Likewise, the marginal disutilitiy inflicted by growth increases, because as the economy expands into the ecosphere we sacrifice our least important ecological services first (to the extent we know them).”
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