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Re: [Pen-l] Literary criticism and economics [was: It's the metonymy, stupid!]
- To: Progressive Economics <pen-l@xxxxxxxxxxxxxxxxxx>
- Subject: Re: [Pen-l] Literary criticism and economics [was: It's the metonymy, stupid!]
- From: raghu <mraghu01@xxxxxxxxx>
- Date: Sat, 30 May 2009 18:50:43 -0700
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On Sat, May 30, 2009 at 10:19 AM, Sandwichman <lumpoflabor@xxxxxxxxx> wrote:
> You agree with my position that rejecting economic growth
> as a useful concept only makes sense if there is an alternative concept to
> do the work previously done (however badly) by the concept of economic
> growth.
>
I don't understand this. There is no shortage of concepts to replace
the growth mania. Some of them are even fashionable e.g.
sustainability. Sustainability is a very well-defined and meaningful
concept and if it is more complex than GDP, that is only a virtue.
Isn't it a mistake to insist that the concept to replace economic
growth needs to be quantifiable as a single number that increases in
time?
-raghu.
--
"A government that robs Peter to pay Paul can always depend on the
support of Paul."
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