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Growth
Book

Growth

A History and a Reckoning

Belknap Press, 2024 more...


Editorial Rating

9

Qualities

  • Eloquent
  • Engaging
  • Inspiring

Recommendation

Economic growth is something nearly everyone wants, but this thought-provoking book suggests that sometimes it might be necessary to trade some growth for other benefits. In taking on a subject that is central to present political debates and future concerns, professor Daniel Susskind offers ways to use market incentives to motivate and redirect technology in a way that will allow growth to coexist with protecting the environment and reducing inequality. To some readers, Susskind’s conclusions might seem fairly modest, but that’s all the better for a complex subject in which only charlatans and fools provide dramatic solutions.

Take-Aways

  • Sustained economic growth began only about 200 years ago, and the idea of measuring it is even more recent.
  • GDP growth became an end in itself, championed by the World Bank, IMF, and new Keynesian economics.
  • Controversy about what is and what is not counted in a country’s GDP has always existed.

About the Author

Daniel Susskind is an economics professor at King’s College London and a senior research associate at the Institute for Ethics in AI at Oxford University.