Chapter 4

“If… the ‘services’ of a landlord or hedge fund manager are treated as productive, they magically become part of GDP.” (Mazzucato 2018:97). SDG10 and the Financial System One of the Sustainable Development Goals (SDG) is number 10: Reduce inequality within and between countries. Like many other SDGs, it is ambitious and ambiguous. Is there an [...]

The important problem of steady state would not be production but distribution. You can no longer avoid the problem of relative distribution by resorting to growth. (Herman Daly, personal communication) What is the essence of the neoclassical growth model? What is the role of technology? And what is needed to make macro-economic (growth) theory relevant [...]