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I’m not sure what you mean by “infinite rate”. Clearly, the economy is not growing at an infinite rate today! For the US, it’s somewhere around 3% a year. Can
by twoodfin 8y ago
I’m not sure what you mean by “infinite rate”. Clearly, the economy is not growing at an infinite rate today! For the US, it’s somewhere around 3% a year.
Can global economic growth proceed at a modest positive average rate for centuries? It might not, but there’s no obvious reason to believe it can’t.
- nonbel 8y ago>"I’m not sure what you mean by “infinite rate”." I quoted the sentence that claims this guys main discovery was that the process of economic growth does not "explode without limit".