Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.
Jim StanfordIndeed, if communist central planners could have organized the economy with as much detail, precision, and flexibility as a modern-day Toyota or Wal-Mart, communism would probably still exist.
Jim StanfordCompetition-ruthless, unforgiving, to-the-death competition-is a crucial feature of capitalism.
Jim StanfordNever trust an economist with your job. Learn about economics yourself. And make up your own mind about what might protect your job - and what might destroy it.
Jim StanfordWe know that investment causes growth. But it is also true that growth causes investment.
Jim Stanford