tag:blogger.com,1999:blog-8817171247555815363.post7547984962413798267..comments2024-03-26T05:57:44.937+00:00Comments on True Economics: Economics 27/06/2010: G20 - real stats and real issuesTrueEconomicshttp://www.blogger.com/profile/07350536454228478974noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-8817171247555815363.post-11200250178176641732010-06-29T10:43:22.737+01:002010-06-29T10:43:22.737+01:00A different school of economics. The same idea.
I...A different school of economics. The same idea.<br /><br />Its getting very ugly. In Ireland.<br /><br />http://krugman.blogs.nytimes.com/2010/06/29/a-terrible-ugliness-is-born/?src=twt&twt=NytimesKrugman<br /><br />dpAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-54748777778150975022010-06-28T11:18:54.646+01:002010-06-28T11:18:54.646+01:00If populations decrease, then in a linear fashion,...If populations decrease, then in a linear fashion, use negative rate of growth requirement consistent with population decrease, corrected for the decrease bias (if population decrease is driven demographically by the dying of the older population, zero adjustment, if it is driven by the migration of the young - then you use positive adjustment to the extent of such migration - as your pensions and social security and health liabilities are suffering reduced revenue base today, while your future liabilities do not change - since people might come back).<br /><br />Look, you have to be careful to distinguish Ireland from Japan. There are crucial differences:<br />Japan has a huge surplus of savings that can last them for a while. And Japan has a huge stock of capital that can help underpin public consumption for a while as well. Ireland has none of the above...<br /><br />Either way, if populations decrease and per capita wealth rises because there are fewer people sharing fixed set of resources, I wouldn't exactly call that a national success story...TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-48196959652746461422010-06-28T10:23:58.030+01:002010-06-28T10:23:58.030+01:00but what if populations decreace !but what if populations decreace !Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-89984164966899733962010-06-28T09:31:23.008+01:002010-06-28T09:31:23.008+01:00The party is coming to an end.
Well all that pensi...The party is coming to an end.<br />Well all that pension saving was a bit of a waste then.<br /><br />jpcAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-34145471747180689582010-06-27T15:13:18.228+01:002010-06-27T15:13:18.228+01:00It is a naive view - Prosperity without Growth can...It is a naive view - Prosperity without Growth can be sustainable if and only if the following three conditions are satisfied, simultaneously:<br />1) There is enough growth to replace depreciating stock of capital (social, economic etc);<br />2) There is enough growth to compensate for increases in population; and <br />3) There is enough growth to satisfy the rising demands for better quality of life for each new generation of people born across all geographies.<br /><br />Otherwise there won't be any 'Prosperity' left...TrueEconomicshttps://www.blogger.com/profile/07350536454228478974noreply@blogger.comtag:blogger.com,1999:blog-8817171247555815363.post-80088883039209205292010-06-27T10:39:22.664+01:002010-06-27T10:39:22.664+01:00http://www.sd-commission.org.uk/publications.php?i...http://www.sd-commission.org.uk/publications.php?id=914<br />looks like this could be the future thenAnonymousnoreply@blogger.com