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True, but why does economists and politicians in America be so singularly obsessed about it? I am from Norway I spent a lot of time reading American news and s
by jernfrost 11y ago
True, but why does economists and politicians in America be so singularly obsessed about it?
I am from Norway I spent a lot of time reading American news and some of the big differences I notice is that while we in Norway pretty much never talk about GDP and economic growth in public, it is a very central theme in the US. It doesn't mean economics isn't discussed, it is simply different aspects of it. competitiveness, unemployment, salaries is discussed a lot as well as how money should most effectively be used on welfare programs.
I am not saying one thing is better than the other. E.g. in Norway there is probably not enough focus on how value is created. But at least the economic debate feels broader.