ABSTRACT

Economic growth, until recently a goal which illicited near universal agreement, now gets a bad press. 1 This decline in reputation was to be expected. Little new has been added to the progrowth argument, while the anti forces have presented much new evidence. Advocates of growth retardation or arrest have surveyed the societal ills that have accompanied our recent years of growth, then extrapolated, perhaps a bit too quickly, from correlation to causality, and attributed them to the processes of growth. Furthermore, these advocates tell us, history reveals but a fraction of the dangers; they have peered into the future, and discerned that matters will become bleak indeed if we continue in the ways of growth.