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 Eventually, the view of traditional economists will be superseded by the eco-economist and a world of no-growth economics, but, Farrell says, it won't come without a collapse first.
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