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A good abstraction -

  1. Sustainable resources
  2. Unsustainable resources
  3. Human labour

For time bound resources - e.g. labour it's clear that using the resource more efficiently allows something else to be done. But as I note, our current system is really bad at getting something else done.

Likewise, while some kind of inter temporal thinking is clearly correct, I'm wary of the hand-waving that is often done around this at the moment, because it seems to lead inexorably to not doing things.

Using less steel to build a train carriage makes us wealthier because there's more steel left to do something else with. But the question is, do we?

by Metatone (metatone [a|t] gmail (dot) com) on Sat Sep 1st, 2012 at 06:54:21 AM EST
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