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Response to How much economic growth do we need?

from Bradford DeLong (delong@econ.berkeley.edu)
I think that the world is still pretty poor in total, and thus that we need as much growth as we can get--with the proviso that there is no point in impoverishing people alive today in order to produce a brighter future.

Businesses don't need ever-growing profits unless they also want to have high and rising stock prices. They function fine as productive operations without ever-growing profits. (Of course, stagnant profits make shareholders sad.)

(posted 8683 days ago)

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