A focused study group for the discussion of economics and economic policy.
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© 2020 Relevant Protocols Inc.
A focused study group for the discussion of economics and economic policy.
32047 Members
We'll be adding more communities soon!
© 2020 Relevant Protocols Inc.
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>"Infinite growth on a finite planet is alarming and doesn’t even make us better off. A new book argues we must shed the ideology of “growthism.”"
>"Infinite growth on a finite planet is alarming and doesn’t even make us better off. A new book argues we must shed the ideology of “growthism.”"
If you add up all the wants, you quickly find that there are simply not enough goods and services to satisfy even a small fraction of everyone’s consumption desires. Our national output would have to be many times larger before the average American could live at the level of the average doctor or major-league baseball player. Moreover, outside the United States, particularly in Africa, hundreds of millions of people suffer from hunger and material deprivation. Given unlimited wants, it is important that an economy make the best use of its limited resources.
If you add up all the wants, you quickly find that there are simply not enough goods and services to satisfy even a small fraction of everyone’s consumption desires. Our national output would have to be many times larger before the average American could live at the level of the average doctor or major-league baseball player. Moreover, outside the United States, particularly in Africa, hundreds of millions of people suffer from hunger and material deprivation. Given unlimited wants, it is important that an economy make the best use of its limited resources.
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