The Law of Declining Marginal Returns applies to all aspects of life. If you follow this thread, the law actually determines life itself. Declining returns cause markets to implode, governments to fall, environments to collapse causing civilizations to fail. Here we are today, sitting on that edge.
Archeo-anthropologist Joseph Tainter defines “declining marginal returns” laying the cause at the feet of energy and agriculture. Continue reading
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When a flower doesn’t bloom, you fix the environment in which it grows, not the flower. – Alexander Den Heijer