Hard Work – Virtue or Vice?

People working overtime for extra pay, or purchasing more goods more often, or performing any act that increases their rates of consumption, may justify themselves or be justified by governments or the media with the argument (consistent with current economic thinking) that by doing so they are boosting the economy, creating wealth, giving employment to people.  … Read more

Stabilising the Human Population

People love their children, and children generally are a source of pleasure. Some people even claim to derive deep satisfaction from a houseful of seven or eight youngsters. But it is true to say of most people regardless of ethnicity or location that, if they had a really free choice, they would rather have a manageable number – enough for pleasure and company – but not the heavy load of six to a dozen or more.  … Read more

Employment and the Steady State

It is necessary here to repeat a point made or implied earlier, that the level and rate of change of economic activity and the level of unemployment are to a large extent independent of one another. Not totally independent of course, each is one determinant of the other.  … Read more

Digression: Work and Jobs

The Mitterand socialist government in France during the 1980′s hoped to create tens of thousands of jobs by cutting working hours. The basic working week was to carry the same pay, therefore each hour worked was to carry more pay.  … Read more

If you can’t teach them, beat them.

It is suggested that a society that brings up its children as described here, is not a life-loving society that nurtures its children. It is a cannibalistic society that devours its children. Continue reading

Will the big stimulus work?

Governments are like a doctor who is confronted by a patient suffering from a severe cold. So the doctor says, ‘Right, everyone, let’s cough and sneeze all over him, that’ll cure him!’
Continue reading

Other “Job Creation” Schemes

The statements in this post apply particularly to the economic predicament of the 1970′s and 80′s, which may recur under the pressure of modern problems. They do not necessarily hold true for every form of economic malaise; for instance, they would have been inaccurate for the Great Depression of the 1930′s.  … Read more

Digression: Fast Breeder Nuclear Fission Reactors

This technology promises to expand the amount of fissionable fuel available from natural uranium by a factor of about 60, by “breeding” more fuel than it consumes. This doesn’t change the non-renewable nature of the total uranium resource, but it does promise to make it so abundant as to encourage a casual attitude towards energy conservation.  … Read more

Global Inequalities in Wealth

Another misconception held by many in both “rich” and “poor” countries is that the “rich” should go on making and using ever more goods and services, thereby “creating wealth” that can somehow find its way to the “poor” nations, making them “richer”.  … Read more

Stopping Global Warming – Better Communication Needed

In Australia the federal government is trying to implement an Emissions Trading Scheme to combat global warming. Opponents of this scheme argue that it will cost jobs.

Surely the whole point of trying to slow and stop global warming is that if such warming continues unchecked, it will cost millions of jobs, and lives, worldwide, because of the destructive effects of changing climates and rising sea levels.  … Read more

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