Tuesday, April 15, 2014

Krugman on growth

See this post. An excerpt:

"There are some people on the left who keep insisting that economic growth is incompatible with reduced emissions, and that therefore we have to turn our backs on growth. [...] It’s worth pointing out that they have a much too narrow notion of what it means to have a growing economy. It doesn’t necessarily mean more stuff! It could be better stuff, or more services — and there are also choices to be made in how we produce and distribute stuff. There is absolutely no reason to believe in a one-for-one link between real GDP and greenhouse gases."

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