Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch

To: "Progressive Economics" <pen-l@xxxxxxxxxxxxxxxxxx>
Subject: Re: [Pen-l] The fundamental crisis response. was Ecological credit crunch
From: raghu <mraghu01@xxxxxxxxx>
Date: Fri, 31 Oct 2008 09:20:55 -0700
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On Fri, Oct 31, 2008 at 6:35 AM, Jim Devine <jdevine03@xxxxxxxxx> wrote:
> raghu, now --
>> I could, but thats not the point. Why not stick with the usage of
>> "growth" that is implicit in the general discourse anyway instead of
>> introducing redefinitions etc?
>
> it really doesn't answer the idea that "there are other meanings to
> the word 'growth'."

No there aren't. To most economists and certainly to the media and the
general public, the unqualified term "growth" means one thing and one
thing only: GDP growth. To pretend otherwise seems a bit like denial
to me.

As Carrol says, the word belongs to the enemy. And it is not really
worth fighting over.
-raghu.

-- 
"Really ?? What a coincidence, I'm shallow too!!"
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