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There is no known limit to GDP growth because GDP growth doesn't just depend on an increase in material goods, and value judgments can change over time. Thus it

There is no known limit to GDP growth because GDP growth doesn't just depend on an increase in material goods, and value judgments can change over time. Thus it is theoretically possible that after a whole series of "this year is better than last year" growth you end up exactly where you started as values shift. Edit: In any case, GDP growth shouldn't be a policy target.

dragonwriter 7y ago
> Thus it is theoretically possible that after a whole series of "this year is better than last year" growth you end up exactly where you started as values shift. Not really, since real GDP growth is measured in value relative to a like-goods price index. > In any case, GDP growth shouldn't be a policy target. It shouldn't be the exclusive policy target, but it makes plenty of sense as one positive factor in the big optimization function. Ceteris paribus, output increases are desirable.