Will Austerity and Precarity Finish Off the Human Species?
James K. Galbraith
The ultimate fate of a human society rests on its ability and willingness to reproduce itself over the long run. The combination between population decline and increase in longevity that is typical for wealthy societies can have consequences far more destructive than the explosion of a few bombs, writes James Galbraith. Growing economic insecurity exacerbates these tendencies. Yet the economics of the decision to reproduce has been of marginal interest to economists.