> This is based on the false premise that the only stable thing for an economy is growth.
Are you sure it's false? I'd like to believe that we could just have the generation being born replace the generation that's dying. But when you're saving for retirement will the inflation adjusted price of your stocks go up?
There are a lot of interesting details to look at. For instance, housing: With population size fixed, once a country has built enough housing, you'd only build new houses if you're going to tear another one down. Maybe this results in better housing over the long run, and maybe it results in the construction industry diminishing.
Are you sure it's false? I'd like to believe that we could just have the generation being born replace the generation that's dying. But when you're saving for retirement will the inflation adjusted price of your stocks go up?
There are a lot of interesting details to look at. For instance, housing: With population size fixed, once a country has built enough housing, you'd only build new houses if you're going to tear another one down. Maybe this results in better housing over the long run, and maybe it results in the construction industry diminishing.