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- W2606517710 abstract "Economists more than most, have difficulties with the notion of 'sustainability'. Paul Samuelson, probably the greatest economist since John Maynard Keynes and the author of the most famous economics textbook of the second half of the twentieth century, reminds us the foundations of economics are the laws of thermodynamics, which generate the scarcity of material products which are a central concern of economists. If you cannot get something for nothing, if you have to put more physically into something than you get out of it, then it is difficult to see how economic processes may be part of a sustainable system. Economists avoid the potential paradox by pointing out that although in physical terms the end product may be less than its components, in terms of how it is valued to users the end product is usually larger." @default.
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- W2606517710 date "1993-05-01" @default.
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- W2606517710 title "Are Economies Sustainable" @default.
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