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“Is it realistic to predict that knowledge accumulation is so powerful as to outweigh the physical limits of physical capital services and the limited substitut
by cmars232 16y ago
“Is it realistic to predict that knowledge accumulation is so powerful as to outweigh the physical limits of physical capital services and the limited substitution possibilities for natural resources?”
Yes, unless we figure out the knowledge required to synthesize these elements, recapture them, or develop substitutes.
Knowledge has a habit of disrupting what otherwise looks like a zero-sum game.