Expanding economic activity in space may offer a solution to secular stagnation.

ABSTRACT: In this speculative article, I argue that the expansion of economic activity in space may offer a uniquely promising way to escape indefinitely from what economists call "secular stagnation," a state of self-fulfilling, persistently sluggish economic growth that has increasingly threatened high-income countries. Economists have pointed to both supply-side and demand-side drivers of secular stagnation, and space as a focal point for investment can-at least in principle-address both. On the supply side, space is an unlimited frontier that, as have frontiers in the past, may inspire the individualism, innovation, and world-building needed to sustainably increase productivity and population growth. On the demand side, public investment toward increased economic activity in space could meaningf

SUBMITTER: Weinzierl M 

PROVIDER: S-EPMC10614598 | biostudies-literature | 2023 Oct

REPOSITORIES: biostudies-literature