tag:blogger.com,1999:blog-2098432983500045934.post3405246096129570740..comments2024-03-12T22:19:32.339-04:00Comments on The New Arthurian Economics: Why inequality mattersThe Arthurianhttp://www.blogger.com/profile/16501331051089400601noreply@blogger.comBlogger4125tag:blogger.com,1999:blog-2098432983500045934.post-49058266588221541782015-03-16T19:09:49.553-04:002015-03-16T19:09:49.553-04:00... the cycle of civilization, to be clear.
... the cycle of civilization, to be clear.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-41837105128081646752015-03-16T18:55:24.748-04:002015-03-16T18:55:24.748-04:00Geerussell: "the yacht economy could persist,...Geerussell: <b>"the yacht economy could persist, worsen, lumber along for generations periodically ratcheting up to new plateaus of misery with each "new normal" worse than the one before.</b>"<br /><br />Yup. You are describing a business cycle, the big one, the downhill side of it.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-48888720675231068442015-03-16T13:33:50.325-04:002015-03-16T13:33:50.325-04:00Sustainability matters but more because it might n...Sustainability matters but more because it might <i>not</i> collapse. If we knew the wheels were coming off next year or in five years it would be a lot easier to muster a sense or urgency to deal with it.<br /><br />If nothing else, 2008 demonstrated that the system can be very robust in self-preservation. Crisis doesn't necessarily mean collapse and the <a href="http://krugman.blogs.nytimes.com/2013/01/20/inequality-and-recovery/" rel="nofollow">yacht economy</a> could persist, worsen, lumber along for generations periodically ratcheting up to new plateaus of misery with each "new normal" worse than the one before.<br /><br />N is indefinite and the prospect of N=200 is in many ways scarier than the prospect of N=1.geerussellhttps://www.blogger.com/profile/10631984593634015839noreply@blogger.comtag:blogger.com,1999:blog-2098432983500045934.post-42725867438290437412015-03-16T04:57:17.658-04:002015-03-16T04:57:17.658-04:00My remarks above come from a comment I left on dku...My remarks above come from a comment I left on dkuehn's post. He responded: <b>So what was the N?</b><br /><br />I don't trust memory on things like that, so I looked it up.<br />50 years, <a href="http://ann.sagepub.com/content/428/1/180.1.extract" rel="nofollow">give</a> or <a href="http://naderelhefnawy.blogspot.com/2013/06/review-business-civilization-in-decline.html" rel="nofollow">take</a>. <br /><br />Heilbroner's book came out in 1976.<br />The Arthurianhttps://www.blogger.com/profile/16501331051089400601noreply@blogger.com