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Tag Archives: debt limits
Limits to Growth–At our doorstep, but not recognized
How long can economic growth continue in a finite world? This is the question the 1972 book The Limits to Growth by Donella Meadows and others sought to answer. The computer models that the team of researchers produced strongly suggested … Continue reading
Why a Finite World is a Problem
Why is a finite world a problem? I can think of many answers: 1. A finite world is a problem because we and all of the other creatures living in this world share the same piece of “real estate.” If humans … Continue reading
Posted in Financial Implications
Tagged climate models, debt limits, economic growth, economic models, finite world
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Reaching Debt Limits
If an economy is growing, it is easy to add debt. The additional growth in future years provides money both to pay back the debt and to cover the additional interest. Promotions are common and layoffs are few, so a … Continue reading
