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By : Dietrich Vollrath
Book Synopsis :
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. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? 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. 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 the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new .
Book Detail :
Tittle : Fully Grown: Why a Stagnant Economy Is a Sign of Success
Author : Dietrich Vollrath
Pages : 296 pages
Publisher : University of Chicago Press
Language :
ISBN-10 : 022666600X
ISBN-13 : 9780226666006
Supporting format: PDF, EPUB, Kindle, Audio, MOBI, HTML, RTF, TXT, etc.
Supporting : PC, Android, Apple, Ipad, Iphone, etc.
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