Early economists (150+ years ago) included land and land productivity in their models, but as growth accelerated, economic models were simplified to include only capital and labor, erasing the biophysical resource base from economic thinking and enabling unlimited growth assumptions.
factualpending
Speaker
Unidentified Speaker — The Great Simplification: What HS Leaders Need to Know Abou… [SDjZnZApgJ0]Evidence Quote
“early economists from 150 years ago that had land and land productivity in their models and everything got parsed down into capital and labor”
Source
The Great Simplification: What HS Leaders Need to Know About the Future of Energy with Nate Hagens— Center for Homeland Defense and Security Naval Postgraduate SchoolCreated: 8/12/2026, 10:21:00 PM
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