[First published on Free Life] The belief that economic progress is boosted by consumption is based upon the kind of misunderstanding that could be made only by intellectuals – the product of theorising that is completely detached from the common sense that everyone else possesses.
Economic Myths #2: Consumption Boosts Growth
Economic Myths #2: Consumption Boosts Growth
Economic Myths #2: Consumption Boosts Growth
[First published on Free Life] The belief that economic progress is boosted by consumption is based upon the kind of misunderstanding that could be made only by intellectuals – the product of theorising that is completely detached from the common sense that everyone else possesses.