Steady state economics is an modern area of the school of economics which, to me, makes a lot of sense. The idea is defined as “The steady state is a condition of the economy in which output per worker (productivity of labour) and capital per worker (capital intensity) do not change over time” in Wikipedia. This probably doesn’t make much sense [...]
Posts Tagged ‘Natural Resources’
The Economic Collapse – Wasn’T It Obvious?
September 21st, 2009
Admin There are a few key factors that have led us to where we are today. These factors are obvious, long running and the result should not be a surprise to anyone.Industry – The US was once the industrial giant of the world. We managed to stop the aggression of the Japanese and Nazi forces of [...]
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