My recent post at Inc., “Economics Is Wrong About Growth And It’s Ruining Everything,” begins
Economics Is Wrong About Growth And It’s Ruining Everything
Even Adam Smith foresaw an end to growth. How did we lose sight of it and think we could grow forever?
They further add that both the economic and population growth must be exponential, but they don’t consider the results of exponential growth.
Exponentials grow fast. In less than the time from the Roman Empire until now–that is, within a few thousand years–even modest exponential growth would run into physical absurdities, as illustrated in these posts in theÂ Do The Math blog, by Caltech-trained UC San Diego physics professorÂ Tom Murphy:
Read the rest at Economics Is Wrong About Growth And It’s Ruining Everything.
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