Saturday, December 13, 2014

A Future With No Economic Growth?

Here is an article about a citizen of Japan, Masaru Kosaka, who believes it is possible to have a happy life in an economy with no economic growth:  "Japan May Be In A Post-Growth Era, With Or Without Abe" by Anthony Kuhn, NPR News, December 12, 2014.  The reference to Abe in the title is Shinzo Abe, Japan's Prime Minister, who has been struggling to boost economic growth in Japan.

As I have suggested before, the key economic challenge of our time is maintaining economic growth without population growth.  The last article I wrote on this topic was:  Sustainable Growth and a Synthetic Economy (Sunday, December 1, 2013).