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Das Kapital by Karl Marx contains the first theory of a growth imperative, which is still disputed today.
Das Kapital by Karl Marx contains the first theory of a growth imperative, which is still disputed today.
The link between technical progress and resource use is disputed
The link between technical progress and resource use is disputed
Smart phone and car: voluntary consumption or necessary increases of individual productivity?
Smart phone and car: voluntary consumption or necessary increases of individual productivity?
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Productivity lowered the cost of most items in terms of work time required to purchase. Real food prices fell due to improvements in transportation an
Productivity lowered the cost of most items in terms of work time required to purchase. Real food prices fell due to improvements in transportation and trade, mechanized agriculture, fertilizers, scientific farming and the Green Revolution.
The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.
The marginal costs of a growing economy may gradually exceed the marginal benefits, however measured.