Population growth is irrelevant: institutions and incentives matter

If we lived in a free economy which had no such sectors, population growth would be no more of a problem than changes in consumer preferences or technology. It would require the kinds of adaptation and adjustment made by market actors all the time. Government planning, however, does not easily lend itself to flexibility, experimentation, and decentralised responses.

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Source: http://www.iea.org.uk/blog/population-growth-is-irrelevant-institutions-and-incentives-matter

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