"Is All Economic Growth Good?"

"Is All Economic Growth Good?"

It can't be said too often: what most economists call growth is too often what we here call groaf.

“Is All Economic Growth Good?”

Yves here. Even though the answer to the headline question seems obvious it’s the sort of thing that can’t be discussed too often. Hence, for instance, our regular use of “groaf” to signify growth as a policy fetish object in great excess to its actual utility. Well, save for the rich. And the…