Economics in a full world
- Some believe economic growth can be infinite
- People think GDP, "Utility", Throughput, Natural Capital, and Total Capital should be sustained
- Product Lifetimes: Production rates should equal depreciation rates
- GDP Growth: Enhanced efficiency, growing with constant throughput
- Trade: Regulated trade is possible in sustainable economy
- Taxes: Rather than taxing workers' income, the government would tax the throughput flow
- Employment: Full employment will probably not work in a sustainable economy
- Happiness: Unsustainable growth fueled by the notion that people are happiest when they keep buying
- People think GDP, "Utility", Throughput, Natural Capital, and Total Capital should be sustained
- Product Lifetimes: Production rates should equal depreciation rates
- GDP Growth: Enhanced efficiency, growing with constant throughput
- Trade: Regulated trade is possible in sustainable economy
- Taxes: Rather than taxing workers' income, the government would tax the throughput flow
- Employment: Full employment will probably not work in a sustainable economy
- Happiness: Unsustainable growth fueled by the notion that people are happiest when they keep buying
This article was very information heavy, however, it did bring up some good points on how to have a sustainable economy.