I'd like to hear from ppl who know more about finance than I do about the idea and implementation of steady-state economics.
(and, btw, Colman, I'm waving hello to you...hope you're doing well.)
The steady-state model seems to me to lean towards the "pastoral" model, where some point in time (now, presumably, or perhaps some other golden age in the past) is considered ideal and the economy designed to freeze one to that point.
Is the steady-model based on a moral argument? Or on an economic argument? What specifically is wrong with unending economic growth? What's wrong with everyone being as rich as a Chirac or a Bush?
