Re:Economics Needs a Post-Crash Revolution
by duxut_staglatz on Sunday October 27, 2019 @12:06PM
(#21370575)
Once the best allocation of currently existing ressources have been implemented, then there would no longer be any growth.
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Re:Economics Needs a Post-Crash Revolution
by dgellow on Sunday October 27, 2019 @01:37PM
(#21371154)
The demand is dynamic though. Even if you have right now an ideal implementation for resource allocation that won't necessarily match future demand.
Re:Economics Needs a Post-Crash Revolution
by duxut_staglatz on Sunday October 27, 2019 @06:35PM
(#21372894)
It seems far fetched to assume that people's preferences will change just in the right way that there is always increasing welfare from the same basket of goods.