How to chase your tail while ignoring the first and second laws of thermodynamics. Or perhaps a good example of the ostrich line of defence.
By DANIEL COHEN FEBRUARY12, 2015
PARIS — Economic growth is the religion of the modern world, the elixir that eases the pain of conflicts, the promise of indefinite progress. It is the solution to our perennial worries about not getting what we don’t have. And yet, at least in the West, the growth model is now as fleeting as Proust’s Albertine Simonet: Coming and going, with busts following booms and booms following busts, while an ideal world of steady, inclusive, long-lasting growth fades away.