Is Growth a Losing Game?
July 19, 2022
Contrary to conventional wisdom that countries need constant economic growth to prosper, the economist Herman Daly explains in the New York Times his long-standing arguments that a steady-state economy will better benefit both society and the global environment. In Issues, Zora Kovacic and four colleagues offer Europe as a case in point. “The future of growth in Europe could benefit from a shift in focus: from an increase in quantity to an increase in quality,” they write. “Many of the most valuable experiences in life cannot be monetized or measured. Finding meaning and purpose does not necessitate material riches.”