Economics, Evolution, and Rand’s Meta-Ethics (Intellectual Capitalism: Fundamentals Part 2)
he most important question in economics is: What is the source of real per capita increases in wealth? In this talk I am going to investigate this question from a bioeconomics point of view. Bioeconomics or thermoeconomics (aka biophysical economics) attempts to tie economics to biology and thermodynamics. In other words its goal is to provide a physical as opposed to a sociological basis for economics.
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Either way it is certainly possible in a technologically stagnant world (confined space) to deplete the local resources enough to cause a population decline. This is why humans lived in the Malthusian Trap until the Industrial Revolution.
Within less than 200 years the trees were gone!
When the island was discovered by the Dutch on Easter Sunday the trees were already gone. In addition the population was thriving , but the Dutch sailors left their mark and started the population crash .The cause was small pox ,
Venerial disease , influenza .When Capt Cook arrived 50 years later his crew repeated the unintentional onslaught of diseases ,estimates are 70 percent of the natives died from those 2 visits.
Reference "The statues that walked" by Terry Hunt and Carl Lipo
I would appreciate a review of the book Source of Economic Growth, if you have had a chance to read it.
Well done db.
Txs.
Socialism, creationism, and environmentalism demolished in one short paper.