here). The picture on the left also comes from that piece, with the caption "Only flying cars can save us".
The article reports on an analysis by Robert Gordon at the National Bureau of Economic Research, entitled Is US Economic Growth Over? The article is fascinating as evidence that the possibility of a "steady state" economy is entering mainstream economic analysis. But don't expect any discussion of the positive benefits that such an economy might provide. The prospect that Gordon might be right is described in the Post piece as "doom and gloom", "unnerving pessimism", and so on.
But why should this be the case? It is equally plausible to envisage the "end of growth" as a process of maturing, like a teenager entering adulthood; or even as a process of transformative change, like a caterpillar (another voracious consumer) becoming a butterfly.
It would be a troubled teenager who regarded the news that s/he could not physically grow for ever as "doom and gloom" in any serious sense.
Applied Category Theory at UCR (Part 2) - I’m running a special session on applied category theory, and now the program is available: • Applied category theory, Fall Western Sectional Meeting of th...
2 days ago