Christine MacDonald, writing for Truthout.
[W]hat if all roads to prosperity don’t lead to the shopping mall, as most economists would have us believe? What if, in fact, all that shopping — and the imperative to grow corporate profits quarter after quarter and continuously expand the economy — was actually the root of many of the problems we face today?
…
“Overwhelmingly, growth is seen as the solution to all problems, but growth is failing,” says Herman Daly, a former World Bank economist who is also known as the father of “ecological economics,” an offshoot of the same field that spawned Adam Smith three centuries ago but challenges many of the assumptions that classical economists hold dear.
Via professor of marketing Galen Bodenhausen.
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