By Andrew Weintraub, Eli Schwartz, J. Richard Aronson
ISBN-10: 1349022144
ISBN-13: 9781349022144
ISBN-10: 1349022160
ISBN-13: 9781349022168
Is fiscal development fascinating? attainable? helpful? the celebrated social scientists represented during this assortment provide conflicting solutions, leading to a full of life debate at the expenses and advantages of progress within the built and constructing nations. This quantity, first released in 1973, includes court cases of a convention at the Limits to development, held on the middle for Social examine, Lehigh college, October 1972. This booklet should be of curiosity to scholars of economics.
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Sample text
And, finally, the models tell us one more thing: the world will end with a bang, not a whimper. The natural evolution of the world economy is not at all toward some kind of smooth approach to its natural limits, wherever they are. Instead, it is inevitable--unless we make drastic changes in the way we live and organize ourselves-that the world will overshoot any level of population and production it can possibly sustain and will then collapse, probably by the middle of the next century. I would like to say why I think that the Doomsday Models are bad science and therefore bad guides to public policy.
And what of the attributes by which men live? If it is conceded that, once subsistence levels have been passed (and they have in the West), the sources of men's more enduring satisfactions spring from mutual trust and affection, from sharing joy and sorrow, from giving and accepting love, from open-hearted companionship and laughter; if it is further conceded that in a civilized society the joy of living is augmented primarily by the sense of wonder inspired by the unfolding of nature, by the perception of beauty inspired by great art, and by the renewal of faith and hope inspired by the heroic and the good-if this much is conceded, is it possible to believe also that unremitting attempts to harness the greater part of men's energies and ingenuity to the task of amassing an ever greater assortment of material possessions can add much to people's happiness?
Ignoring inefficiency in 95 THE ECONOMIC GROWTH CONTROVERSY the ways funds are spent by the Defense Department, and ignoring costly mistakes of the State Department, the cost of research directed toward maintaining national security and keeping us abreast of the arms race could be continued for a long time without the economy having to grow. Nor is the "spin-off" contention very convincing. Modern research is increasingly specialized: the bulk of industry's innovation stems from its own research.
The Economic Growth Controversy by Andrew Weintraub, Eli Schwartz, J. Richard Aronson
by George
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