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Chapter

Growth and Sustainable Economies

Chapter

Growth and Sustainable Economies

DOI link for Growth and Sustainable Economies

Growth and Sustainable Economies book

Growth and Sustainable Economies

DOI link for Growth and Sustainable Economies

Growth and Sustainable Economies book

ByHarlan M. Smith
BookUnderstanding Economics

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Edition 1st Edition
First Published 2000
Imprint Routledge
Pages 4
eBook ISBN 9781315292137

ABSTRACT

Textbooks don't usually prepare one for the emphasis on the desirability of growth found in almost any community and often taken as a proper object of national economic policy. It is easy to see why many businesses want growth: It means an enlargement of their markets even if it is only growth of population. That at least keeps sales of diapers first and everything that follows later at a steady or rising level. If in addition there is growth in per-capita income, sales of almost everything increases further. It creates jobs and it keeps tax receipts rising for governments. If the rise is in per-capita incomes, it makes it possible for real incomes of many to rise, and hence mutes possible conflict over income distribution.

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