In the distant past, village-based economies reproduced through farming, child-rearing, and founding new villages, producing slow exponential growth.

“is sort of focused on the relationship between the parts of the existing economy and like the prices going up and down and supply and demand and so forth but if you sort of zoom out the economy as a whole is a self-replicating system and it always has been you know thousands of years ago it was a relatively small and simple self-replicating system of like some villages of people they would farm and then they would have babies and then they would found new villages and then they would farm and have new babies and so forth and like”

“it would grow exponentially over time,”

“but at a very slow rate.”