Post
Topic
Board Economics
Re: Screw the economic growth paradigm
by
molecular
on 07/06/2011, 10:07:44 UTC
What economics growth means is simply that we do more with less. Less resources and labour are needed to maintain the same standard of living when we have growth, this is quite beneficial to the environment and everyone in the economy.
I would call "doing more with less" just "increase of efficiency".

What if we merely produce more with more? By your definition that would not be "economic growth"

That doesn't fit.