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Monday, 4 January 2016

The Economics of Perpetual Growth

http://freakonomics.com/2014/01/24/can-economic-growth-continue-forever-of-course/
This is the don't worry scenario - all will be well - carry on spending

http://blogs.reuters.com/macroscope/2011/06/07/must-we-always-try-to-grow-the-economy/
So the real question is, can we use continuous economic growth to make a more equitable world where everyone gets a decent bit of the cake & we don't f...up the planet doing it?

I'm a housewifey sort of mathematician. Perpetual growth doesn't make sense to me. Just look at the number of dead civilisations caused by greed of one sort or another over the millennia. I'm not optimistic, but I'm probably too old for the possible dire consequences to affect me.

My grandchildren may well know the answers to the questions - when it's too late.

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