http://www.dollarsandsense.org/archives/2020/0520macewan.html What are the three aspects of economic growth that

February 7, 2022

http://www.dollarsandsense.org/archives/2020/0520macewan.html

What are the three aspects of economic growth that Professor McEwan points out as the most significant? Do you agree that they are problematic?

Classical economists believed that our needs and wants are based on what other people have; neoclassical economists, on the other hand, assume that there are no limits for humans wants, and more is always better. Which of those schools of economic thought (if any) do you believe that describes contemporary consumption habits more accurately?

Finally, professor McEwan advocates for more strict regulation, so that we can internalize the costs of growth to the people/companies generating those costs, instead of making the whole society pay. Can you think of other possible solutions for that problem, or do you agree with his suggestion?

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