Friday, January 22, 2010

Either a fool or an economist

"But the natural sciences rightly forewarn us that there are limits to this process – the law of entropy, while the dominant discourse of mainstream and conventional economics from Harvard to Cambridge to Beijing University to Delhi University has no theoretical notion of limits and is therefore the most dangerous of all social science disciplines when it comes to thinking about ways to live in harmony with our environment. It is not for nothing that one of the earliest and most thoughtful and ecologically sensitive of economists, Kenneth Boulding, way back in the 1950s said, that to believe in unlimited growth in a finite world one had to be either a fool or an economist!"

More on the limits to growth by Achin Vanaik

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