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A theory is appropriate as long as it fits into the fact; when a theory doesn't fit in the fact, it's wise to walk with the fact.

Tuesday, January 28, 2014

Why agonise over economic growth?

The following article, wrote by Professor Anis Chowdhury (former Professor of Economics, University of Western Sydney, Australia), is a good read for people:

1. who blindly support higher GDP growth;
2. who don't support higher GDP growth;
3. who try to justify lower GDP growth by giving unnecessary country argument;
4. who don't see the long-run outcome of social investment.

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