The notion of a steady state has meant different things at different times in history. To the traditional or classical economist, the steady state takes the biophysical dimensions of the planet - including population and available resources - as given and adapts technology and tastes to these objective conditions. (Herman E. Daly)

The notion of a steady state has meant different things at different times in history. To the traditional or classical economist, the steady state takes the biophysical dimensions of the planet - including population and available resources - as given and adapts technology and tastes to these objective conditions.

Herman E. Daly

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classical different economist given history mean objective state technology times traditional things

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