Understanding the problems – economic theory

It’s good to identify and understand the problems before working on the solutions!

Companies rise and fall but there is no need for there to be an overall rise.  Economic contraction can be an indicator of greater efficiency.  The belief that economic growth is essential, the reliance on it as a cure-all, and the important things that are consequently ignored, are the most significant and damaging failures of contemporary economic theory. Economic growth is not the primary thing we should be monitoring, only in the developing world, assuming regions should remain inhabited and not be a part of a wider economic and social union, need there be growth, and economic output needs to be categorised, good or bad, building prosperity or damaging.  Wealth and economic output levels can and do go in opposite directions and therefore need to be understood as separable by economists and the electorate.  See if you can come up with five reasons preoccupation with economic growth is bad.    inbox@ourvote.org

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s