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I get the point - it's necessary to reanimate the mouldering bones of Malthus now and again. I just disagree with that because the emiprics of the case are pret
by ArkyBeagle 11y ago
I get the point - it's necessary to reanimate the mouldering bones of Malthus now and again. I just disagree with that because the emiprics of the case are pretty lopsided against him. He could not have known about engines. Which now appear to cause one whale of an externality.
The only thing Capitalism did was replace Mercantilism at scale. You had production before.
What's weird is that economists talk about ways to actually price things like externalities, equality, sustainability and/or risk. That might be madness or it might be reason.
If we can't price them, then are we not dropping the checkbook and reaching for the sword?