The great economic growth paradox is unveiled, from a sustainable point of view. Whenever r (rent) exceeds g (growth), the socio-economic system reaches the stage (p>g) of cyclical crisis; this Sisyphean economic result is caused today by the static interplay of 3 monopolies (1=land value; 2=money/credit creation; 3=taxation). The loss of systems dynamic efficiency, in terms of productivity, is characterized by the flow of liquidity into assets; as fiat money has no natural ratio, this economic practice of wealth concentration leads to a decrease of systems energy efficiency and eco-logical destabilization.
{"title":"Valuation, Calculation, Transformation","authors":"Stephen I. Ternyik","doi":"10.2139/ssrn.2774203","DOIUrl":"https://doi.org/10.2139/ssrn.2774203","url":null,"abstract":"The great economic growth paradox is unveiled, from a sustainable point of view. Whenever r (rent) exceeds g (growth), the socio-economic system reaches the stage (p>g) of cyclical crisis; this Sisyphean economic result is caused today by the static interplay of 3 monopolies (1=land value; 2=money/credit creation; 3=taxation). The loss of systems dynamic efficiency, in terms of productivity, is characterized by the flow of liquidity into assets; as fiat money has no natural ratio, this economic practice of wealth concentration leads to a decrease of systems energy efficiency and eco-logical destabilization.","PeriodicalId":431141,"journal":{"name":"EcoRN: Ecological Stability (Topic)","volume":"5 1","pages":"0"},"PeriodicalIF":0.0,"publicationDate":"2016-05-03","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":null,"resultStr":null,"platform":"Semanticscholar","paperid":"127750871","PeriodicalName":null,"FirstCategoryId":null,"ListUrlMain":null,"RegionNum":0,"RegionCategory":"","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":"","EPubDate":null,"PubModel":null,"JCR":null,"JCRName":null,"Score":null,"Total":0}
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