Only the mad and economists

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I have heard it said that only the mad and economists think that perpetual growth is possible in a finite world.

This graph comes from the Bank of England via the FT:

Is that growth mad?

Is it unreal?

Is it unsustainable?

Is it time economics realised that this cannot continue and ask, in stead, what else is possible?

The answer to all four is yes.

And before you say it has delivered benefits and so is not mad, I’d say two words: climate change. That is Mutually Assured Destruction, and that is MAD.