Fully Grown: Why a Stagnant Economy Is a Sign of Success Vollrath Dietrich
Fully Grown: Why a Stagnant Economy Is a Sign of Success Vollrath Dietrich Vollrath challenges our long-held assumption that growth is the best indicator of an economy's health.Most economists would…
Specifikacia Fully Grown: Why a Stagnant Economy Is a Sign of Success Vollrath Dietrich
Fully Grown: Why a Stagnant Economy Is a Sign of Success Vollrath Dietrich
Vollrath challenges our long-held assumption that growth is the best indicator of an economy's health.Most economists would agree that a thriving economy is synonymous with GDP growth. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. The more we produce and consume, the higher our living standard and the more resources available to the public.
Is growth actually the best way to measure economic success--and does our slowdown indicate economic problems?The counterintuitive answer Dietrich Vollrath offers is: No. But should it? Looking at the same facts as other economists, he offers a radically different interpretation.
Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of
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