Technological progress, to qualify as such, has to increase the - TopicsExpress

Technological progress, to qualify as such, has to increase the efficiency of exploiting natural resources. This is quite intuitive if we keep in mind that the ultimate purpose of consuming resources in a modern economy is to enable us to consume more resources, producing the sine qua non of modern politics and economics, economic growth. So, if we consume resources more efficiently, we make it possible to consume even more resources, even more efficiently. There is no paradox here. We have chosen to build an economy which not only places no limits to consuming whatever resources are available, but considers doing so a desirable and noble undertaking. Making an economy more efficient simply creates more of it, exactly as we might expect.

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