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by AmirS2
3926 days ago
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This concern about economic growth in 1000+ years is entirely academic. The more relevant question is whether exponential growth (at whatever rate) is feasible for the next few decades and even centuries, and to me the answer to that question is yes, just using the examples from the article. So we can build appropriate policies for the present and near-ish future. Our descendants can decide for themselves at that point whether it's reasonable to continue economic growth, based on knowledge and science and experience they have gained. I mean, how many physical theories can be argued to work into the infinite future? Does quantum mechanics or GR hold past the end of the universe? It's not even a meaningful question. Why hold economic models to the equivalent standard, when all that is needed is whether they hold in the relevant domain? I feel that this question and argument is often used to try to draw the conclusion that we must stop trying for economic growth NOW, because infinite growth is impossible. Maybe it is impossible, but I don't think something happening or not happening at infinity or even in a thousand years has any bearing on what we should be doing now. |
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