Does the Economy Really Need to Keep Growing Quite So Much?
From: the Atlantic
A different look on productivity
Hlatshwayo and Spence argue that we might be looking at the slowdown of productivity in the wrong way: it might not be due to structural problems of the labor market or lack of investments instead the cause might be a shift in people’s priorities. As societies become wealthier, people’s main preoccupation is not only to become richer but also improve other measures of their well-being.
Should We Be Worried About Productivity Trends?
By: Sandile Hlatshwayo, Michael Spence – IMF, New York University
That thinking hasn’t worked for Italians…
Italy has one of the lowest productivity levels in the Eurozone and has experienced many years of slow growth. But even though Italians have had a high quality of life this lack of substantial economic growth has started to take a toll on the country, argues Branko Milanovic.
Inevitability of the need for economic growth—the nth time
By: Branko Milanovic – CUNY
