December 19, 2024
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Ungrounded economic growth can be costly

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By Jon D. Erickson theconversation.com Herman Daly had a flair for stating the obvious. When an economy creates more costs than benefits, he called it “uneconomic growth.” But you won’t find that conclusion in economics textbooks. Even suggesting that economic growth could cost more than it’s worth can be seen as economic heresy. The renegade…

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