Welcome to European Tribune. It's gone a bit quiet around here these days, but it's still going.
Display:
That sounds a lot like Tyler Cowen's little book, "Great Stagnation." All the low hanging fruit have been picked.

I think my questions are:

a) What's stopping investments outside the empire?
(Lots of building still needed across the world.)

b) Your post implies that the whole set of economic theories basically only works while you have an expanding empire. After that the rate of growth limited by productivity isn't a zero-sum game, but very close to being so?

by Metatone (metatone [a|t] gmail (dot) com) on Mon Aug 18th, 2014 at 05:12:45 AM EST
[ Parent ]

Others have rated this comment as follows:

Display:

Top Diaries

Occasional Series