https://steadystate.org/wp-content/uploads/Container-ship.NOAAs-National-Ocean-Service.jpg 426 640 Brian Czech /wp-content/uploads/logo.svg Brian Czech2015-07-22 12:00:212023-01-04 10:34:55Five Myths About Economic Growth
Five Myths About Economic Growth
by Brian Czech
Myth #1. It’s economic.
To be economic, something has to be worth more than it costs. Economic activity, per se, is more beneficial than detrimental. Technically speaking, “marginal utility is greater than marginal disutility.”
If you liked a rug, but liked your grandkids more, it wouldn’t be smart to grab the rug out from under them. That’s basic microeconomics. Yet if we look around and reflect a bit,