200 years ago, economists made a prediction, and we got it wrong. “Big deal” you might say. But it was a big deal; a much bigger deal than some piddling mistake like failing to predict a global financial crisis. Basically, 200 years ago economists predicted that long run growth was impossible. That’s the biggest thing in economics you can be wrong about.
Economic growth, the universe, and the meaning of life
Matthew Routley · 2009/10/25 · 1 minute read