New essay: What kind of ‘growth’ slowdowns should we care about?
basilhalperin.substack.com
New essay: What kind of ‘growth’ slowdowns should we care about?
https://www.basilhalperin.com/essays/why-percentage-growth.html
TLDR: “GDP percentage growth is slowing down” emphatically does not mean that “the rate at which human lives are improving” is slowing down, even under the assumption that GDP is all that matters for human wellbeing. Percentage growth slowdowns are even consistent with wellbeing growth accelerating.
