2min chapter

The Permanent Problem cover image

Reviving capitalist dynamism, with Tyler Cowen

The Permanent Problem

CHAPTER

Examining the Importance of Growth and Measuring Wealth Plus

This chapter explores the importance of growth in various aspects of wealth, including leisure time, household production, and environmental amenities. It discusses the challenge of determining the correct weighting of these aspects and highlights GDP growth as a practical measure of wealth plus.

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