We need to revise our economic thinking to give full value to our natural resources. This revised economics will stabilize both the theory and the practice of free-market capitalism. It will provide business and public policy with a powerful new tool for economic development, profitability, and the promotion of the public good.

The quote by Paul Hawken emphasizes the urgent need to revise economic thinking to fully recognize the value of natural resources. Hawken argues that traditional economic models often overlook or undervalue the environment, leading to unsustainable practices. By integrating the true worth of natural assets into economic theory and practice, we can create a more balanced and sustainable approach to free-market capitalism.

The origin of this quote lies in Hawken’s work as an environmentalist, entrepreneur, and author who advocates for sustainable business and ecological economics. He stresses that updating economic frameworks to account for environmental costs will not only stabilize capitalism but also enhance its ability to drive economic development, improve profitability, and promote the public good. This shift calls for policies and business practices that align economic success with environmental stewardship.

Hawken’s statement highlights the potential for a revised economics to become a powerful tool in addressing global challenges. By valuing natural resources properly, businesses can make better decisions that support long-term sustainability and profitability, while policymakers can craft regulations that protect ecosystems and communities. This integrated approach benefits both the economy and society.

In summary, Paul Hawken’s quote calls for a transformation in economic thought to incorporate the true value of the environment. It envisions a future where capitalism is both profitable and responsible, fostering growth that supports the public good and sustains natural resources for generations to come.