Bitcoin Forum
November 20, 2019, 12:18:45 PM *
News: Help collect the most notable posts made over the last 10 years.
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 [4]  All
  Print  
Author Topic: Screw the economic growth paradigm  (Read 7638 times)
molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
June 07, 2011, 10:07:44 AM
 #61

What economics growth means is simply that we do more with less. Less resources and labour are needed to maintain the same standard of living when we have growth, this is quite beneficial to the environment and everyone in the economy.
I would call "doing more with less" just "increase of efficiency".

What if we merely produce more with more? By your definition that would not be "economic growth"

That doesn't fit.

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
1574252325
Hero Member
*
Offline Offline

Posts: 1574252325

View Profile Personal Message (Offline)

Ignore
1574252325
Reply with quote  #2

1574252325
Report to moderator
1574252325
Hero Member
*
Offline Offline

Posts: 1574252325

View Profile Personal Message (Offline)

Ignore
1574252325
Reply with quote  #2

1574252325
Report to moderator
1574252325
Hero Member
*
Offline Offline

Posts: 1574252325

View Profile Personal Message (Offline)

Ignore
1574252325
Reply with quote  #2

1574252325
Report to moderator
The Bitcoin Forum is turning 10 years old! Join the community in sharing and exploring the notable posts made over the years.
1574252325
Hero Member
*
Offline Offline

Posts: 1574252325

View Profile Personal Message (Offline)

Ignore
1574252325
Reply with quote  #2

1574252325
Report to moderator
1574252325
Hero Member
*
Offline Offline

Posts: 1574252325

View Profile Personal Message (Offline)

Ignore
1574252325
Reply with quote  #2

1574252325
Report to moderator
rahl
Full Member
***
Offline Offline

Activity: 140
Merit: 100



View Profile
June 07, 2011, 11:17:29 AM
 #62

I would call "doing more with less" just "increase of efficiency".

What if we merely produce more with more? By your definition that would not be "economic growth"

That doesn't fit.

We can't produce X more with X more, unless there is under-utilization. Which only happens if there are political barriers to production and trade but not in a free-market. In particular there is a under-utilization of labour cause of minimum wage laws creating a bottleneck.

We can of course create X more with Y more (where X > Y) which is usually how growth is used, but that is also more with less...

molecular
Donator
Legendary
*
Offline Offline

Activity: 2702
Merit: 1011



View Profile
June 07, 2011, 12:05:36 PM
 #63

We can of course create X more with Y more (where X > Y) which is usually how growth is used, but that is also more with less...
That's what I meant. X > oldX, Y > oldY. how is that "also more with less"?

PGP key molecular F9B70769 fingerprint 9CDD C0D3 20F8 279F 6BE0  3F39 FC49 2362 F9B7 0769
Pages: « 1 2 3 [4]  All
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!