To Jason Hickel: I read your blog post elaborating the “de-growth” position that was recently criticized by Branko Milanovic. I have not read your recent book linking the inequality debate to the global warming crisis. And I’m not an academic or a professional economist. And I realize that Branko has already responded to your post. … Continue reading Growth is Good (I hope): An open letter to Jason Hickel
Yesterday, the New York Times ran a feature on Willard, Ohio – a town of some 6,000 people about 30 miles southwest of my birthplace of Oberlin and about 15 miles northeast of Savannah, where my 90-plus year-old parents now live. Growing up, I called it “Celeryville”, after a smaller, nearby community. Then, as now, … Continue reading Celeryville, Revisited
The anonymous blogger Pseudoerasmus recently returned to activity after a hiatus (not counting Twitter) of several months. Though he describes himself as a “hopeless positivist”, I think of Pseudo as a sort of empirical volcano; his trademark style is to confront plausible-sounding (but often complacent) economic-historical theories with a veritable ash-storm of contradicting facts. These … Continue reading Branko’s Law: Inequality is eating away at Democracy
On average, over the last 145 years, the economy of the United States, measured by GDP per capita, has grown 2% per year. Over the last 45 years, however, US per capita growth has been markedly slower, averaging 1.62% for the period 1970-2014. In the wake of the 2008 financial crisis and the slow recovery … Continue reading Against the Winds: Can Innovation Overcome the Negative Trends in the American Economy?