Endymion
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http://www.msnbc.msn.com/id/11545564/?GT1=7756
I have SO much to say on the topic of economic growth and how it relates to population growth. Unfortunately, quite a bit of it is not very good at all!
One basic thing we economists are taught in macroeconomic theory is the Solow Growth Model. Population growth has a bad effect -- it's the same thing as increasing how fast machinery wears out (depreciates) for companies and consumers everywhere.
In fact, the Solow Model offers the analysis that economies with higher rates of population growth will have lower income per worker! So the faster babies pop out of mothers in America, the less money you get to solow.
Think about this on a global scale!
A population milestone is about to be set on this jam-packed planet.
On Saturday, Feb. 25, at 7:16 p.m. ET, the population here on this good Earth is projected to hit 6.5 billion people.
Along with this forecast, an analysis by the International Programs Center at the U.S. Census Bureau points to another factoid, Robert Bernstein of the Bureau's Public Information Center advised LiveScience. Mark this on your calendar: Some six years from now, on Oct. 18, 2012 at 4:36 p.m. ET, the Earth will be home to 7 billion folks.
. . .
I have SO much to say on the topic of economic growth and how it relates to population growth. Unfortunately, quite a bit of it is not very good at all!
One basic thing we economists are taught in macroeconomic theory is the Solow Growth Model. Population growth has a bad effect -- it's the same thing as increasing how fast machinery wears out (depreciates) for companies and consumers everywhere.
In fact, the Solow Model offers the analysis that economies with higher rates of population growth will have lower income per worker! So the faster babies pop out of mothers in America, the less money you get to solow.
Think about this on a global scale!
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