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Fully Grown: Why a Stagnant Economy Is a Sign of Success. Dietrich Vollrath

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ISBN: 9780226666006 | 296 pages | 8 Mb

• Fully Grown: Why a Stagnant Economy Is a Sign of Success
• Dietrich Vollrath
• Page: 296
• Format: pdf, ePub, fb2, mobi
• ISBN: 9780226666006
• Publisher: University of Chicago Press

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Download kindle books Fully Grown: Why a Stagnant Economy Is a Sign of Success (English literature) 9780226666006 by Dietrich Vollrath CHM DJVU

Most economists would agree that a thriving economy is synonymous with GDP growth. The more we produce and consume, the higher our living standard and the more resources available to the public. This means that our current era, in which growth has slowed substantially from its postwar highs, has raised alarm bells. But should it? Is growth actually the best way to measure economic success—and does our slowdown indicate economic problems? The counterintuitive answer Dietrich Vollrath offers is: No. Looking at the same facts as other economists, he offers a radically different interpretation. Rather than a sign of economic failure, he argues, our current slowdown is, in fact, a sign of our widespread economic success. Our powerful economy has already supplied so much of the necessary stuff of modern life, brought us so much comfort, security, and luxury, that we have turned to new forms of production and consumption that increase our well-being but do not contribute to growth in GDP. In Fully Grown, Vollrath offers a powerful case to support that argument. He explores a number of important trends in the US economy: including a decrease in the number of workers relative to the population, a shift from a goods-driven economy to a services-driven one, and a decline in geographic mobility. In each case, he shows how their economic effects could be read as a sign of success, even though they each act as a brake of GDP growth.  He also reveals what growth measurement can and cannot tell us—which factors are rightly correlated with economic success, which tell us nothing about significant changes in the economy, and which fall into a conspicuously gray area. Sure to be controversial, Fully Grown will reset the terms of economic debate and help us think anew about what a successful economy looks like.

Fully Grown: Why a Stagnant Economy Is a Sign of Success
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Finally, the author concludes we have the mature, wealthy economy today that we've chosen — and this is a sign of success, not failure. PDF download Fully Grown: Why a Stagnant Economy Is a
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The book Fully Grown: Why a Stagnant Economy Is a Sign of Success, Dietrich Vollrath is published by University of Chicago Press. Fully Grown: Why a Stagnant Economy Is a Sign of Success
Contents · 1 Victims of Our Own Success · 2 What Is the Growth Slowdown? · 3 The Inputs to Economic Growth · 4 What Accounts for the Growth  Dietrich Vollrath, Fully Grown: Why a Stagnant Economy Is a
By John Bongaarts; Dietrich Vollrath, Fully Grown: Why a Stagnant Economy Is a Sign of Success, The University of Chicago Press, Chicago. 'Fully Grown' Review: Pumping the Brakes - WSJ
The rate of economic growth has slowed over the past two decades. “Fully Grown: Why a Stagnant Economy Is a Sign of Success” makes a  Fully Grown: Why a Stagnant Economy Is a Sign of Success
Fully Grown: Why a Stagnant Economy Is a Sign of Success [Dietrich Vollrath]. Most economists would agree that a thriving economy is synonymous with GDP 

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