Stagflation and the Limits of Growth [View article]
One of the definition of economics is the allocation of LIMITED resources to UNLIMITED needs. Now that some big developing nations got a taste of consumer products, they are not going to stop. The pie may grow a little bit but not fast enough and we will have to share more of it.
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One of the definition of economics is the allocation of LIMITED resources to UNLIMITED needs. Now that some big developing nations got a taste of consumer products, they are not going to stop. The pie may grow a little bit but not fast enough and we will have to share more of it.
Jul 10 09:18 am
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