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Europe has some experience in this area. The plague killed something like 1/3 of the population, which completely changed the economic environment. If one of our many possible catastrophes does actually take place, then the replacement economy need not be based on zero growth.

Also, isn't there an assumption here that economic growth requires the use of natural resources? Greenspan just said that oil is only about 2/3 as important as an economic input as it was in the 1970s; perhaps we could have an information economy that sustains ongoing growth. More books and music get written, more mathematics gets figured out, etc.

by asdf on Tue Oct 18th, 2005 at 08:44:26 AM EST
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