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Regarding economic growth and growth theories, I found Dr. Paul Romer's (2018 Economics winner) Nobel Prize Lecture on his work, economic growth theories, and h

• lpcam33 7y ago
  In the video the economist talks about progress just as if progress is the end in itself, but is not. We need to have a goal in order to progress to that goal. To have infinite progress is the same to say that at least one of this things: We don’t know where we want to go; We are infinitely greed; We are infinitely incompetent; We can use the example of the rope. There was many technological progress in the last decades to manufacture good gear for climbing, but as time goes by we will need to spend much more resources in research to get less and less improvements on the rope. There will be a time were the climber needs are fulfilled and we could just spare the nature (ex: the mountains that they like to climb) and enjoy what we have accomplished.