- Kamran Mofid
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The madness of the never ending economic growth
We have to look beyond the madness: we should invest in everyday services to create a society run for collective good
The Growth Delusion and Confusion, The GDP Measurement: lies, damned lies and statistics
We must do better, much better. Why?
To do this, the best I can do, is to quote you a passage from a book I wrote in 2005, well before the crash of September 2008 and very relevant to what real, authentic, GDP should be all about, replacing the current nonsensical and meaningless one:
‘From 1980 onwards, for the next twenty years, I taught economics in universities, enthusiastically demonstrating how economic theories provided answers to problems of all sorts. I got quite carried away by the beauty, the sophisticated elegance of complicated mathematical models and theories. But gradually I started to have an empty feeling.