tag:blogger.com,1999:blog-4900303239154048192.post3532130651546926421..comments2024-03-06T06:34:42.881-05:00Comments on EconoSpeak: Planning, the Theory of Growth and the Myth of DecouplingUnknownnoreply@blogger.comBlogger3125tag:blogger.com,1999:blog-4900303239154048192.post-87183163495665403562014-11-17T10:51:00.166-05:002014-11-17T10:51:00.166-05:00I'm referring to a basic definition of economi...I'm referring to a basic definition of economic growth, "the increase in production and consumption of goods and services in the aggregate."Anonymoushttps://www.blogger.com/profile/16568985082468477893noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-23836957510662197872014-11-15T15:14:41.539-05:002014-11-15T15:14:41.539-05:00"Economic growth has served humanity fairly w..."Economic growth has served humanity fairly well in the past... There is a fundamental conflict between economic growth and environmental protection, as well as national security."<br /><br />Rentz, I could agree with both of those statements because each time "economic growth" would have a different meaning. And that, in my opinion, is precisely the problem with "economic growth." <br /><br />Economists define it one way to calculate it, another way to advocate it and a third way to dismiss critics. When a word means exactly what the economist wants it to mean, and then means something entirely different when the economist wants it to mean something different, it is a Humpty-Dumpty word. You have to pay it overtime.Sandwichmanhttps://www.blogger.com/profile/11159060882083015637noreply@blogger.comtag:blogger.com,1999:blog-4900303239154048192.post-85576694214304203842014-11-14T15:25:48.637-05:002014-11-14T15:25:48.637-05:00Economic growth has served humanity fairly well in...Economic growth has served humanity fairly well in the past, however our economy has now grown to the point that it is stressing the earth’s ecosystems that our economy depends on. Climate change, extinction rates, the biodiversity crisis, over-fished fisheries, “dead zones” in the oceans, and over-pumped aquifers are a few examples. What was created over geologic time has been depleted by humans over the course of a few centuries.<br /><br />At some point after basic needs are met, GDP does not represent increased happiness, but is actually a very good indicator of impact on the environment.<br /><br />There is a fundamental conflict between economic growth and environmental protection, as well as national security. Resources are being converted from the economy of nature into the human economy at an unsustainable rate. Wastes are emitted back to the earth faster than they can be assimilated.<br /><br />See http://steadystate.org for more on why the costs of economic growth now outweigh the benefits.Anonymoushttps://www.blogger.com/profile/16568985082468477893noreply@blogger.com