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Steady-state economy - Wikipedia

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A steady-state economy is an economy made up of a constant stock of physical wealth (capital) and a constant population size. In effect, such an economy does not grow in the course of time.[1]: 366–369 [2]: 545 [3][4] The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a stationary state of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity.[5]: 78 Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economist Herman Daly.[6]: 303 [7]: 32f [8]: 85 As Daly's concept of a steady-state includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of

Steady-state economy - Wikipedia Jump to content From Wikipedia, the free encyclopedia Constant capital and population size For other uses, see Steady state (disambiguation) . Not to be confused with Economic stagnation . This article has multiple issues. Please help improve it or discuss these issues on the talk page . ( Learn how and when to remove these messages ) This article may require cleanup to meet Wikipedia's quality standards . The specific problem is: Some of the image captions are not appropriate for the topics that they respectively discuss. Please help improve this article if yo

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