HGP250 Lecture Notes - Lecture 9: Sam Groth, Smart Growth, Sisal
17 Dec 2020
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A healthy economy should be designed to thrive, not grow. Todays economy they make us grow whether or not we thrive. But we need rich countries that thrive whether or not they grow. 1960 classic: the stages of economic growth a non-communist manifesto. Says all economies need to pas through 5 stages. Traditional society where nations output is limited by its technology and mindset. Belief that grows is necessary beyond national dignity or better life for childe. You can have any industry you want no matter your natural resource base. People can buy all the consumer goods they want - Companies pressured to have: growing sales growing market share and growing pro t. Banks create money as debt bering interest. Politically adducted to growth because they want tax revenue without raising taxes. Grene growth smart growth resilient grow balanced growth lol. We need to choose something other than growth.
