Sara Hsu asks if All Growth is Good? The Case of China. Of course, not all growth is good. It makes little difference, whether it's economic or human tissue growth. Edward Abbey famously wrote that "growth for the sake of growth is the ideology of the cancer cell". Obesity is another form of high-growth, yet it … Continue reading China, Growth, and the Weakness of Real GDP
growth
GDP for 2nd Qtr: Economy In “Growth Recession” – Very Bad News
The Bureau of Economic Analysis released the "advance estimate" of 2nd Quarter 2011 GDP growth. The numbers are bad. Worse than most analysts expected. I'll let BEA explain: Real gross domestic product -- the output of goods and services produced by labor and property located in the United States -- increased at an annual rate … Continue reading GDP for 2nd Qtr: Economy In “Growth Recession” – Very Bad News
Downbound Again: GDP in 1st Quarter
Yesterday the "flash" estimate for GDP growth in 1st quarter 2011 was released. Not good. GDP only grew at a 1.8% annual rate, down from the 3.1% we experienced in the 4th quarter of 2010. This is very disappointing, but not really surprising. Before I comment, I'll let CalculatedRisk report and show one of his … Continue reading Downbound Again: GDP in 1st Quarter
Technology, Growth and Printing Press
We know that new technology and information technology in particular can spark enormous long-run economic growth. Today we're in the middle of an explosion of new info technologies based on computers, networks, and the Internet. The last time the world experienced a similar phenomenon was probably the invention of printing via moveable type by Gutenberg … Continue reading Technology, Growth and Printing Press
EconProph 