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Capitalism

William J. Baumöl,Robert E. Litan,Carl J. Schramm-2009-02-02-Cambridge University Press eBooks
18

TL;DRAbstract

For the general welfare, growth is arguably the most pressing of all economic issues. It is the one process that can raise living standards without letup and promise substantial reduction of the world's widespread poverty, which George Bernard Shaw rightly described as humanity's greatest crime. The pressing issue, then, is what can be done to stimulate economic growth substantially or at least to preclude its decline?

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For the general welfare, growth is arguably the most pressing of all economic issues. It is the one process that can raise living standards without letup and promise substantial reduction of the world's widespread poverty, which George Bernard Shaw rightly described as humanity's greatest crime. The pressing issue, then, is what can be done to stimulate economic growth substantially or at least to preclude its decline?

Keywords

CapitalismHumanityPovertyStandard of livingWelfareGeorge (robot)Development economicsEconomics

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