But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.

Nonrenewable resources should be exploited, but at a rate equal to the creation of renewable substitutes.

Growth is widely thought to be the panacea for all the major economic ills of the modern world.

Malthus has been buried many times, and Malthusian scarcity with him. But as Garrett Hardin remarked, anyone who has to be reburied so often cannot be entirely dead.

But the macro-economy is not the Whole. It too is a Part, a part of the larger natural economy, the ecosphere, and its growth does inflict opportunity costs on the finite Whole that must be counted.

We need an economics fit for purpose in a finite and entropic world.

There is something fundamentally wrong in treating the Earth as if it were a business in liquidation.