DISCUSSION: The steady-state proposal in lines 50-59 said that we should be more efficient with our use of resources.
We should shrink our use of resources so the economy is within the optimal size for nature, and use resources more efficiently to meet human wants. The steady-state economists don’t want the economy to grow.
So the correct answer should have two elements:
- We don’t let the economy outgrow natural limits.
- We satisfy human wants.
___________
- There’s nothing particularly distinctive about an economy that uses natural and human resources. All current economies do that.
- This sounds good…but it’s missing something very important: nature. We need to know if this economy stays within natural limits.
- CORRECT. This sounds like a perfect example of the proposal from lines 50-59. Everyone’s happy, and the economy is sustainably within natural limits.
- We know that steady-state economists think the economy should stop growing. But that’s not the only part of their plan. We need to satisfy human wants, too.
- See lines 22-26. Growth is dangerous beyond a certain point. So steady-state economists discourage it.
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