tag:blogger.com,1999:blog-9716997.post8907277330254134843..comments2024-03-15T23:30:38.471+11:00Comments on Lindsay's Lobes: A brief history of economics Lindsay Byrneshttp://www.blogger.com/profile/11030132436987752741noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-9716997.post-32588052798978172002014-07-13T00:29:02.760+10:002014-07-13T00:29:02.760+10:00Yes – that is true, but I would also argue good ec...Yes – that is true, but I would also argue good economics was never promulgated on a theory of endless growth, but rather to find the best most economical outcomes. But I can appreciate how one could readily gain that impression from economist’s constant references to growth in GDP etc. That is always predicated on endless growth. <br />Hence economics aims for smarter outcomes and improved productivity in keeping with a finite earth. Economics is now beginning to put values on our habitat and the environment so that it makes economic sense to ensure we have sustainable economies. As I mentioned in the first post, it also makes sense to put a price on carbon and pollution, which then ensures the most effective market based mechanism to support moral outcomes. Economics as such is only a helpful tool, to enhance optimum outcomes. <br />Best wishesLindsay Byrneshttps://www.blogger.com/profile/11030132436987752741noreply@blogger.comtag:blogger.com,1999:blog-9716997.post-78253388378111586642014-07-12T05:59:22.515+10:002014-07-12T05:59:22.515+10:00This was a very well written explanation of econom...This was a very well written explanation of economic thoughts and practices these past few hundred years. One thing none of them are dealing with currently is that we're living in a world whose resources are finite, a fact that makes infinite growth impossible. Would you agree? susanhttps://www.blogger.com/profile/16747450215034568033noreply@blogger.com