Tag Archives: resource depletion

Improving on GDP

Posted on November 14, 2017 by Adam Bailey

The winning entries for the Indigo Prize highlight both the importance of improving economic statistics and some of the challenges of doing so. The launch of the Indigo Prize by LetterOne is a welcome initiative which recognises both the limitations … Continue reading →

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Constant Consumption with Resource Depletion

Posted on December 14, 2016 by Adam Bailey

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 →

Posted in Macroeconomic Theory, Minerals | Tagged , , , , , , | Leave a comment