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Gale Pooley's avatar

If we transform a finite number of atoms into resources with knowledge and undiscovered knowledge is infinite, then our resources can be infinite. We need more people with the freedom to innovate to continue this process.

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Gale Pooley's avatar

Thanks for your thoughtful comment J. K. I would say economics must move beyond thinking in atoms and think in knowledge. Physics is about atoms. Economics is about knowledge. The number of atoms is finite, but undiscovered knowledge is infinite. This is why the Second Law does not apply to economics. New knowledge can be much more valuable than finding new atoms. Atoms without knowledge have no economic value. If we discover a way to make cars get twice the mileage, doesn’t this yield the same result as discovering twice the amount of oil? And aren’t we actually better off with more knowledge than more oil? Thanks again for reading and thinking and talking with me.

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