Is Constant Economic Growth Possible?

Is Constant Economic Growth Possible?

by tverberg@oilprice.com (Gail Tverberg)

If we read the financial pages, economic growth seems to be viewed as the “normal” situation to which economies inevitably return. But is it really?If we look back over the past 50 years, or even over the past 100 years, economic growth has predominated. Over the longer term, we know that people have become more prosperous, and that world population has grown.  The natural assumption is that economic growth will continue in the future as it has in the past.Let’s think about this a little further. We live on an earth with…Read more...