Everything you know about traditional economics is wrong. Dead wrong, says MarketWatch's Paul...

Everything you know about traditional economics is wrong. Dead wrong, says MarketWatch's Paul Farrell. Why? Because it's all based on the absurd Myth of Perpetual Growth - endless growth, ad infinitum, forever, till the end of time. That's hard to justify on a planet of finite resources. Eventually, the view of traditional economists will be superseded by the eco-economist and a world of no-growth economics, but, Farrell says, it won't come without a collapse first.
Comments (6)
  • bbro
    , contributor
    Comments (11223) | Send Message
    Paul Farrell ??...Oh brother....Everything is the business cycle,,,follow the Postponable Purchases to GDP ratio...
    12 Jun 2012, 05:02 PM Reply Like
  • Adjusted Return
    , contributor
    Comments (390) | Send Message
    Absolutely correct. In the long term of course. Club of Rome.
    12 Jun 2012, 05:08 PM Reply Like
  • Tack
    , contributor
    Comments (16281) | Send Message
    Thomas Malthus lives !!
    12 Jun 2012, 05:25 PM Reply Like
  • 1980XLS-2.0
    , contributor
    Comments (528) | Send Message
    The collapse based on the myth of perpetual growth has mostly already happened. We are witnessing the realization and necessary adjustment.


    After China is too expensive, then what? Being one example.
    12 Jun 2012, 05:33 PM Reply Like
  • jhooper
    , contributor
    Comments (8058) | Send Message
    The issue is not finite resources, but the human capacity to find an infinite number of ways to utilize those resources.
    12 Jun 2012, 06:00 PM Reply Like
  • kmi
    , contributor
    Comments (4587) | Send Message
    Finite resources?


    The planet is just the tip of the iceberg. With private commercial space ventures starting to hit their stride, what's next?


    Well, how about mining asteroids?


    13 Jun 2012, 10:51 AM Reply Like
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