05-15-2023, 11:19 AM
(05-15-2023, 09:14 AM)tomh009 Wrote:(05-15-2023, 01:22 AM)danbrotherston Wrote: To me at least when you are a wealthy nation such as ours I believe equality and a well functioning regulatory system is more important than GDP or GDP per capita growth. I.e we have enough wealth for all of us to be happy right now, if we aren’t it’s a different problem. But I also realize that such a statement has a certain group of economists seeing red right now.
Economists don't make the decisions, though, the politicians do. (Sometimes they listen to economists or other subject matter experts before making decisions, and sometimes they don't.)
You know, I hemmed and hawed about what word to use, and I chose to be conservative.
Yes, economists are policy wonks and don't necessarily always matter...but I think it's clear that the growth mindset is (even if driven by economists) a very broad belief in our society...basically almost anyone with a BA believes absolutely that growth MUST occur or the world will end.