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An environmental and natural resource economics blog by Adam Bailey (below). For details and profile see About.
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Category Archives: Macroeconomic Theory
National product, calculated net of a deduction for depletion of natural resources, could in theory provide some indication of whether current consumption is permanently sustainable. But the conditions that would be needed to make net national product into a practical … Continue reading
I present here a defence of the following proposition: to maintain consumption per person in the long run as non-renewable resources are increasingly depleted, the world needs technical progress so that we can obtain more output from available resources. The … Continue reading