We have a lot of people talking about growth and that we cannot have unlimited growth in a sustainable world. Of course, nothing is a simple as it seems. So in this video Geoff goes right back to the basics and explains what “growth” is and how it is different to our idea of “progress”. Next week we will look at whether unlimited growth is possible.
We thought we would do some whiteboard Friday videos going back to the basics of economics. In this one we are talking about “What is Growth?” What things do you value that doesn’t show up in GDP figures?
Let us know what you think of this video and how deep you want us to go into topics. Next week we will look at whether unlimited growth is possible. Would you like to see us expand this idea out into ideas like; Is growth good or bad? What is good growth v bad growth etc. Are than any other economic topics you would like us to go through like; What is inflation? Is no inflation good or bad? How are interest rates set? What determines the value of the dollar?