"Even if we can never quantify [satisfaction or happiness]... as precisely as we currently quantify GNP,... perhaps it is better to be vaguely right than precisely wrong."
— Herman E. Daly

January 1, 1970

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Academics from the United StatesEconomists from the United StatesGeorgists
Original Language: English

Sources

Herman E. Daly and Joshua Farley, in Ecological Economics: Principles and Applications. (2003), page 234. quoted in Beyond GDP Measuring progress, true wealth, and the well-being of nations, European Commission:Environment