Tuesday, February 10, 2009

Economics In A Full World

A very interesting article about the sustainability of the current global economy. It makes intuitive sense that if the ecosystem is limited, and the global economy keeps growing, that something has to give. "Economic theory has traditionally dealt mainly with allocation. It has not dealt with the issue of scale (the physical size of the economy relative to the ecosystem)". There is also a nice schematic on 'utility vs disutility' that tries to explain 'bad growth'....fascinating stuff. Enjoy! Beckmania....

Economics In A Full World

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