Source: http://thebadeconomist.com/2011/04/11/dont-make-a-production-about-gdp/
Wednesday, 16 November 2011
Don?t Make A Production About GDP
I’ve often heard people complain that economics growth models assume that the economy can grow infinitely. Some of these arguments sound plausible – what happens when we run out of resources? – but others seem to fall into the fallacy that wealth exists and is spread around, rather than created. The title of this post [...]
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