I think that is an efficiency argument. Whether time or knowledge, the resource doesn’t go away. It just gets placed into a more useful direction. The distinction is how the utility is measured. They later point is that sometimes that definition of utility function can sometimes maximize economic measures while turning a blind eye to societal ones. I’d argue the former puts the cart before the horse, I.e., the economy should serve society and not ur other way around
Oh, I certainly agree there is an efficiency opportunity as well, I was just saying that it isn't strictly necessary to improve resource efficiency to have growth.
How do you think that having two doctors instead of one, where the 2nd has no access to tools is still a resource efficiency solution? It could be even better by having them share fixed resources, but that isn't strictly necessary to see benefit and economic growth (medical advice still adds value).
I don't have much to say about your second point, except that you can prioritize any measures you want. Growth of those measures, economic or social, are not bound by resource consumption.
I think most reasonable people would agree that economic growth for its own sake isn't important. Its value is simply as an imperfect approximation of other things that society does value.
>How do you think that having two doctors instead of one, where the 2nd has no access to tools is still a resource efficiency solution?
Because you are still more efficiently using that 2nd doctors time. Time is the resource in that case.
And I agree with your last point. The mail issue I’m bringing up is that economic growth, as traditionally defined, is a blunt tool at best to measure what we really care about: quality of life. I think there is a good argument that there is marginal utility past a certain point, if not outright negative impacts. We confuse the measure for the target.
>Because you are still more efficiently using that 2nd doctors time. Time is the resource in that case.
Yes, it is a more productive use of human human capital and time.
I think that time is a different resource than the parent poster was talking about when they spoke of resource-depletion-driven collapse, physical limits, and unsustainable growth.
I take that to mean they think physical material consumption must always go up if we want economic growth. This is why I tried to point out that economic growth can include many things that don't need raw materials.
