The Folly of Anti-Growth Economics
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The Invention of Infinite Growth: How Economists Came to Believe a Dangerous DelusionBy Christopher F. JonesUniversity of Chicago Press, 376 pages $32.50Two days after announcing his candidacy for the US presidency in 1968, Robert F. Kennedy criticized gross domestic product (GDP) as a measure of human welfare. Even as tobacco advertising and napalm production are factored into GDP, he said, the figure does not capture “the beauty of our poetry, the strength of our marriages, the intellig
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