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Infinite Growth: A Curse or a Blessing?
- Publication Year :
- 2022
- Publisher :
- USA, 2022.
-
Abstract
- The article discusses the controversy over infinite growth. It analyzes the two dominant perspectives on economic growth and finds them based on a limited and subjective view of reality. An examination of the principal aspects of economic growth - economic activity, value, and value creation - helps to understand what fuels economic growth. The article also discusses the correlations between production, consumption, as well as resources and population dynamics. The article finds that infinite and exponential economic growth is essential for the survival (conservation) of our economy and civilization.
- Subjects :
- National Economy
Volkswirtschaftstheorie
Economics
Konsum
theoretical economics
technical development
Wissensproduktion
Produktion
ddc:330
consumption
value added
Innovation
Wirtschaftswachstum
ökologische Folgen
Nachhaltigkeit
ecological consequences
Wirtschaft
technische Entwicklung
knowledge production
sustainability
economic growth
Entropie
Wertschöpfung
technological innovation
Solow
equilibration
production of disequilibrium
value creation
environmental degradation
"Malthusian Loop"
production
Malthus, T
entropy
Subjects
Details
- Database :
- OpenAIRE
- Accession number :
- edsair.od......1272..908496d02c627a52033de217b3a6a6dd