As a result of his analysis Daly says that we must have a steady state economy: the economy can only grow as fast as better technology allows us to add more value to or be more parsimonious with the use of those limited resources that we can use.

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The argument is that the demand for services remain steady regardless of state of the economy.

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For years, Americans have been subjected to a steady drumbeat of doom-and-gloom news about employment and the state of the economy.

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