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since I'm on parental leave for the next 5 months maybe I'll finally have time to read (and understand) your ideas better, then I could answer your question intelligently :-)

For now I would define growth as the amount of work done combined with the efficiency of how that work is done. Whether you denominate that in gold, fiat money or energy isn't relevant for the point that I will try to make.

by crankykarsten (cranky (where?) gmx dot organisation) on Tue Apr 20th, 2010 at 08:40:28 AM EST
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For now I would define growth as the amount of work done combined with the efficiency of how that work is done.

Nitzan and Bichler devote most of a chapter and parts of others to an analysis and discussion of Marxist and Neo-Classical, (mostly unsatisfactory), approaches to this subject in Capital as Power. The book is only 400 pages, but would still soak up some of your spare time, while baby is napping. :-)

As the Dutch said while fighting the Spanish: "It is not necessary to have hope in order to persevere."
by ARGeezer (ARGeezer a in a circle eurotrib daught com) on Tue Apr 20th, 2010 at 11:27:56 AM EST
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