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I am not even saying that this is a bad point of view, but isn't the belief of most mainstream economists that GDP must grow each year? Also I am not a conspir
by green_man_lives 3y ago
I am not even saying that this is a bad point of view, but isn't the belief of most mainstream economists that GDP must grow each year?
Also I am not a conspiracy theorist and I don't really have any beef with the WEF, but I mean growth is one of their stated goals. If there was ever an elite boogeyman driving for growth wouldn't they be the obvious candidate?
https://www.weforum.org/events/the-growth-summit-jobs-and-opportunity-for-all-2023 https://www.weforum.org/events/the-growth-summit-jobs-and-op...
I am not trying to argue I am trying to genuinely answer your question.
- marcosdumay 3y ago> isn't the belief of most mainstream economists I doubt most people around here have had contact with the beliefs of most mainstream economists. (What economist is mainstream anyway?)
- orhmeh09 3y agoGregory Mankiw is pretty mainstream and anyone who's taken an economics class in college is not unlikely to have come in contact with him. Per OpenSyllabus, he is the most frequently cited author in college economics classes: https://opensyllabus.org/results-list/authors?size=50&fields=Economics https://opensyllabus.org/results-list/authors?size=50&fields...
- marcosdumay 3y agoYeah, ok. I haven't studied with his books, so does he think that economical growth is more important than quality of life?
- melagonster 3y agothe Economist who decided policy?
- marcosdumay 3y agoYeah, maybe it's news, but the profession that decides policy isn't called "economist".
- Aunche 3y agoGDP growth is a positive metric, so economists want it to be positive. That's different from them wanting number to go up for the sake of numbers going up. As your link points, one of the goals is "Accelerating economic equity – Enabling an equitable green transition and advancing gender equality, health equity, care, diversity and inclusion, and racial and social justice."
- orhmeh09 3y agoIn what direction is GDP growth positive? There are plenty of ways to grow GDP in ways that are basically pointless or actively harmful for the economy at large, society in general, and the environment.
- Aunche 3y agoThen do the good things and don't do the bad things? Externalities are something you learn in the second day of Econ 101.
- green_man_lives 3y ago> GDP growth is a positive metric, so economists want it to be positive. That's different from them wanting number to go up for the sake of numbers going up. Wanting something to go up for the sake of going up is how outsiders without the same ideological perspective view it. I was literally just trying to answer the question I don't understand why people are so pedantic on here
- Jigewi 3y ago> GDP growth is a positive metric, so economists want it to be positive. GDP would be a positive metric but I think it is flawed and also obsolete. I think other metrics like the HDI/IHDI and the Gini coefficient are better ones, in comparison.