Veteran economist blasts ‘prioritizing growth’ as ‘a losing game’

Published by
AlterNet

By Alex Henderson In economics, be it liberal Keynesian economics or right-wing Milton Friedman shareholder economics, “growth” is considered sacred. But one veteran economist who believes that growth is overrated is Herman Daly. As Daly sees it, way too much emphasis is placed on economic growth. And the veteran economist, now 83, discussed his reasons for feeling that way during an interview with the New York Times’ David Marchese that was published on July 18. “Growth is the be-all and end-all of mainstream economic and political thinking,” Marchese explains. “Without a continually rising G…

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