Herman Daly's Law

Herman Daly's Law emphasizes that sustainable economic growth is limited by the Earth's physical resources and environmental capacity. It states that economies cannot grow indefinitely because they rely on finite natural resources and produce waste, which can harm ecosystems. Therefore, true progress involves maintaining a steady, manageable level of economic activity that respects ecological limits, rather than relentlessly expanding. Daly advocates for a steady-state economy focused on quality and well-being instead of continuous growth, recognizing that ecological sustainability requires balancing human needs with the planet's capacity to support life.