Steady-state economy
Videos
A steady-state economy is an economy made up of a constant stock of physical wealth and a constant population size. In effect, such an economy does not grow in the course of time. The term usually ref
Smith examined the economic states of various nations in the world.
Ricardo was opposed to the interests of the landowning class.
Mill believed the future stationary state was both inevitable, necessary and desirable.
Marx replaced the concept of a stationary state with his vision of a communist society that would bring about abundance for everybody.
The Limits to Growth
Videos
The Limits to Growth is a 1972 report that discussed the possibility of exponential economic and population growth with a finite supply of resources, studied by computer simulation. The study used the
Steady-state economy
…complement of riches', society would finally settle in a stationary state with a constant stock of people and capital. In an 18th-century anticipation of The Limits to Growth (see below), Smith described the state as follows: In a country which had acquired that full complement of riches which the nature of its soil and…
Researchers from China and Indonesia with Dennis Meadows