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How Dematerialization Is Changing the World: A Response to Giorgos Kallis

We wish to thank Dr. Giorgios Kallis for his wide-ranging response to our lead essay and for his collegiate tone. Kallis writes that “The problem now is not resource scarcity, but damage to the environment (e.g., biodiversity).” He notes that “Resource use grows hand in hand with GDP, even in service economies like the US or the UK where economists expected reductions,” and he advocates in favor of “degrowth.” Finally, Kallis believes that “satisfactory levels of wellbeing can be achieved at a fraction of the highest national incomes.” The focus on environmental damage as a by-product of population growth, economic growth, and growth in consumption has a long pedigree. In 1982, for example, a group of ecological economists met in Stockholm and published a manifesto warning of natural limits on human activity. “Ecological economists distinguished themselves from neo-Malthusian catastrophists by switching the emphasis from resources to systems,” wrote one histor

Did The Pandemic Speed Up Productivity Growth?

Did The Pandemic Speed Up Productivity Growth?
econintersect.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from econintersect.com Daily Mail and Mail on Sunday newspapers.

The Case Against STEM — The New Atlantis

Among the more influential truisms about science today is that it is essential for technological and thus economic progress. It is fitting, then, that the apparent slowing of American innovation has fueled a debate about the importance of science and the need for the federal government to support it. Indeed, there is growing interest across the political spectrum in revitalizing American innovation, raising questions about how best to allocate scarce resources. What kinds of research should we support? Who should decide government or industry or the scientific community? Should we emphasize science or technology? Should we steer research toward solving practical problems or simply leave science free to pursue its own aims?

Coronavirus propelled businesses into the future -- ready or not

For many who crossed the digital divide this year, there will be no going back. The Covid-19 pandemic forced millions of Americans to swap the physical for the digital world in a matter of months. As retailers learn to operate without stores, business travelers without airplanes and workers without offices, much of what started out as a temporary expedient is likely to become permanent. “Covid has acted like a time machine: It brought 2030 to 2020,” said Loren Padelford, vice president at Shopify Inc. “All those trends, where organizations thought they had more time, got rapidly accelerated.” Merchants using Shopify s e-commerce platform shot up more than 20% between January and June to 1.4 million, according to broker Robert W. Baird & Co.

Covid-19 Propelled Businesses Into the Future Ready or Not

For many who crossed the digital divide this year, there will be no going back. The Covid-19 pandemic forced Americans to collectively swap the physical for the digital world in a matter of months. As retailers learn to operate without stores, business travelers without airplanes, and workers without offices, much of what started out as a temporary expedient is likely to become permanent. “Covid has acted like a time machine: it brought 2030 to 2020,” said Loren Padelford, vice president at Shopify Inc. “All those trends, where organizations thought they had more time, got rapidly accelerated.” Merchants using the company’s e-commerce platform shot up more than 20% between January and June to 1.4 million, according to broker Robert W. Baird & Co.

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