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This is a common misconception about economic growth. Economic growth often means more physical stuff, but there is by no means a fixed link between the two. Hi
by nhaehnle 12y ago
This is a common misconception about economic growth. Economic growth often means more physical stuff, but there is by no means a fixed link between the two. Higher quality products built out of the same amount of physical stuff have a higher price, for example, so if we somehow transitioned the economy in that direction, there would be economic growth - and a corresponding increase in the standard of living - without pushing environmental concerns, for example.