3 ms·
> can increasing scientific knowledge and technological innovation overcome any limitations to economic growth posed by the depletion of non-renewable resources
by cpursley 9y ago
> can increasing scientific knowledge and technological innovation overcome any limitations to economic growth posed by the depletion of non-renewable resources?
> Stanford University economist Paul Romer has observed, "Every generation has perceived the limits to growth that finite resources and undesirable side effects would pose if no new recipes or ideas were discovered. And every generation has underestimated the potential for finding new recipes and ideas. We consistently fail to grasp how many ideas remain to be discovered. The difficulty is the same one we have with compounding: possibilities do not merely add up; they multiply.”
http://reason.com/archives/2010/04/27/peak-everything http://reason.com/archives/2010/04/27/peak-everything