page_title: Steady-state economy
section_title: Pushing some of the terrestrial limits into outer space
hierarchical_section_title: Steady-state economy / Conceptual and ideological disagreements / Pushing some of the terrestrial limits into outer space
caption_attribution_description: Artist's impression of the Pioneer 10 space probe (1972—) imaging the Sun from the orbit of Neptune. Artist's description: "On ABC's 'Nightline' I heard a report Pioneer 10 would try to image the Sun among the stars as it crossed the orbit of Neptune. This turned out to be not true, and I resolved to create such a view. The sky is accurately portrayed and the Sun with its brighter planets are placed where they would be in relation to the background. The spacecraft is based on hardware photographs. Acrylic on board for NASA Ames."
context_page_description: A steady-state economy is an economy made up of a constant stock of physical wealth and a constant population size. In effect, such an economy does not grow in the course of time. The term usually refers to the national economy of a particular country, but it is also applicable to the economic system of a city, a region, or the entire world. Early in the history of economic thought, classical economist Adam Smith of the 18th century developed the concept of a stationary state of an economy: Smith believed that any national economy in the world would sooner or later settle in a final state of stationarity.
  Since the 1970s, the concept of a steady-state economy has been associated mainly with the work of leading ecological economist Herman Daly. As Daly's concept of a steady-state includes the ecological analysis of natural resource flows through the economy, his concept differs from the original classical concept of a stationary state.
context_section_description: Ever since the beginning of the modern Space Age in the 1950s, space advocates have developed plans for colonising space in order to counter human overpopulation and mitigate ecological pressures on earth (if not for other reasons).
  In the 1970s, physicist and space activist Gerard K. O'Neill developed a large plan to build human settlements in outer space to solve the problems of overpopulation and limits to growth on earth without recourse to political repression. According to O'Neill's vision, mankind could — and indeed should — expand on this man-made frontier to many times the current world population and generate large amounts of new wealth in space. Herman Daly countered O'Neill's vision by arguing that a space colony would become subject to much harsher limits to growth — and hence, would have to be secured and managed with much more care and discipline — than a steady-state economy on large and resilient earth. Although the number of individual colonies supposedly could be increased without end, living conditions in any one particular colony would become very restricted nonetheless. Therefore, Daly concluded: "The alleged impossibility of a steady-state on earth provides a poor intellectual launching pad for space colonies."
  By the 2010s, O'Neill's old vision of space colonisation had long since been turned upside down in many places: Instead of dispatching colonists from earth to live in remote space settlements, some ecology-minded space advocates conjecture that resources could be mined from asteroids in space and transported back to earth for use here. This new vision has the same double advantage of (partly) mitigating ecological pressures on earth's limited mineral reserves while also boosting exploration and colonisation of space. The building up of industrial infrastructure in space would be required for the purpose, as well as the establishment of a complete supply chain up to the level of self-sufficiency and then beyond, eventually developing into a permanent extraterrestrial source of wealth to provide an adequate return on investment for stakeholders. In the future, such an 'exo-economy' (off-planet economy) could possibly even serve as the first step towards mankind's cosmic ascension to a 'Type II' civilisation on the hypothetical Kardashev scale, in case such an ascension will ever be accomplished.
  However, it is yet uncertain whether an off-planet economy of the type specified will develop in due time to match both the volume and the output mix needed to fully replace earth's dwindling mineral reserves. Sceptics like Herman Daly and others point to exorbitant earth-to-orbit launch costs of any space mission, inaccurate identification of target asteroids suitable for mining, and remote in situ ore extraction difficulties as obvious barriers to success: Investing a lot of terrestrial resources in order to recover only a few resources from space in return is not worthwhile in any case, regardless of the scarcities, technologies and other mission parameters involved in the venture. In addition, even if an off-planet economy could somehow be established at some future point, one long-term predicament would then loom large regarding the continuous mining and transportation of massive volumes of materials from space back to earth: How to keep up that volume flowing on a steady and permanent basis in the face of the astronomically long distances and time scales ever present in space. In the worst of cases, all of these obstacles could forever prevent any substantial pushing of limits into outer space — and then limits to growth on earth will remain the only limits of concern throughout mankind's entire span of existence.
caption: Astronomically long distances and time scales are ever present in space
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