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Michael
Joined: Sep 17, 2006
Posts: 11 (view all)
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Gender & Age: Male & 31
Country: Australia
Province/State: South Australia
City: Adelaide
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More than growth?
February 1, 2007 - 08:20 PM
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Hello
I just found this article. (A good read if you can read 'sign' language)
Its thesis adds weight to the there-is-more-to-economic-life-than-just-growth theories:
'We find that the potential welfare gains from reducing
inequality are significant, and may actually exceed the potential gains from economic
growth. This implies that maximizing social welfare is not equivalent to maximizing
economic growth.'
Do you think that governments could ever make policy without growth as its central aim?
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peaceforall
Joined: Feb 13, 2006
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Country: Costa Rica
Province/State: San Jose
City: San José
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Re: More than growth?
February 2, 2007 - 01:48 AM
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Hi everyone, I strongly believe that every government tends to maximize economic growth as an individual will decide to maximize his/her welfare. Businesses tend, to maximize welfare gain, as government also one to always increase economic growth. The entire issue is about maximization!  Everyone one to maximize satisfaction at the expense of the other.
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