Economic ideas you should forget
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Date
2017-05-27
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Other Publication
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Abstract
It is high time to forget some economic ideas that hinder progress in the field. Some examples include the assumption that GDP is the best way to measure economic progress, or the belief that economic growth will eventually improve the welfare of the population as a whole. This column discusses some of these ideas and argues that economics is a progressive science that is enriched by the ‘creative destruction’ of ideas.
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published
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Centre for Economic Policy Research
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Subject
Frontiers of economic research
Organisational unit
02525 - KOF Konjunkturforschungsstelle / KOF Swiss Economic Institute
06335 - KOF Institutsdienste / KOF Institute Services