EconWatch.com > Is the High Rate of Worldwide Economic Growth Sustainable?
[Economist's View] I must agree with Cyrille that the article only focuses on the question of economic sustainability but the real problem is the resource base and demographic constraints. The economic developments may unwind themselves before the physical constraints are really tested, whether by means of protectionism or the reversal of certain imbalances (US debt, global asset prices).
[Previous] Alitalia Unions Wary After Meeting Financier...
[Next] The Trade Deficit May Have Peaked, But the Current-Account Def...
Some related posts from Technorati and Google.
[Economistsview.typepad.com] Economist's View: Neoclassical Theory under Fire from the Sciences: Baroque fantasies of a most peculiar science, by Philip Ball, Commentary, Financial Times (free): It is easy to mock economic theory. Any fool can see that the world of neoclassical economics, which dominates the academic field today, is a gross caricature in which every trader or company acts in the same self-interested way - rational, cool, omniscient.
[Marginalrevolution.com] Marginal Revolution: Economics for children: I even learned about budget constraints and consumer choice as I would sit in the baseball card store and think about the different "bundles of goods" that I could buy with my $2 or $5 or $10. My interest in baseball also led me to read all newspaper articles about baseball, which at that time was full of words like "collusion" and "antitrust".
[Larison.org] Eunomia · October 2005: Here Cyril was certainly bolder than the Latin theologians, but the lack of theological daring in Latin Christology has somewhat slanted McGuckins interpretation of Pope Leo I, whose famous Tome was read out before the assembled bishops at Chalcedon to unanimous acclaim: “Peter has spoken through Leo!” The standard Western account of that episode claims for Rome a balance of approach lacking in the more disputatious Greek theologians, who were still too besotted by the neo-Platonic speculations common in the East. McGuckin disagrees.
[Concurringopinions.com] Concurring Opinions: March 2006 Archives: MSH Essay 4), it is not Williams' claim that either Jim or George, if they are (in the familiar phrase) “men of integrity”, are bound to find it literally unthinkable to work in WMD or to shoot an Indian, or will regard these actions as the sort of things that come under the ban of some absolute prohibition that holds (in Anscombe's famous phrase) whatever the consequences: “this is a much stronger position than any involved, as I have defined the issues, in the denial of consequentialism”¦ It is perfectly consistent, and it might be thought a mark of sense, to believe, while not being a consequentialist, that there was no type of action which satisfied [the conditions for counting as morally prohibited no matter what]” (UFA: 90).[22]
Reflected tags on Technorati: Blog, International Trade, EconWatch.com