Economics on the small scale

Tuesday, April 04, 2006

Population Growth


I've argued something along this from Andrew Sabl, some time past.

The big issue, however, is that many of our institutions are built on an axiom of slow but indefinite growth;e.g. Social Security, the economy. An aging society declining in population takes away that assumption. And the worry is that population-decline-induced economic decline could be self-reinforcing in a way that can't be corrected using Keneysian stimulus.

The other thing is that reproduction is a fundamental directive of life. It's very much biologically driven. If society pressures are not just balancing but actually negating biological directive across all of society, that doesn't sound like a healthy society.

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