Quiz: Denial, Then and Now
- Is the end of the world at hand?
- Is growth desirable?
- Is growth possible?
- What is the real question?
- How about just plain old "What is growth?"?
- So what is growth?
- Is growth a means to the end of full employment?
- Is growth a bait-and-switch surrogate policy objective in its own right?
- Is growth a quantitative measurement of unmeasurable qualitative change?
- What was the basic assumption of The Limits to Growth?
- Is the economic system self-adjusting?
- Why shouldn't the productivity of most natural resources rise more or less steadily through time, like the productivity of labor?
- Is that all there is?
Shouldn't increasing productivity mean more production from existing resources?
ReplyDeleteShort answer: yes.
ReplyDeleteLonger answer: labor is a "fund" (in Georgescu-Roegen's terminology) non-renewable resources are flows from stocks. It's a subtle difference but one that renders the simple analogy null and void.
Is it true that a Hero ain't nothing but a Sandwich(man)?
ReplyDeletehttps://en.wikipedia.org/wiki/A_Hero_Ain%27t_Nothin%27_but_a_Sandwich