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The Other (Better) Approach to Economic Growth

by daneca
Wed Mar 5th, 2008 at 06:05:12 AM EST

Traditional economic growth models suggest (assert) that investment (capital) drives economic growth. Hence, under the investment = growth paradigm, public policies favor capital and wealth accumulation (the argument is that supply creates demand). Redistribution is an issue because the promised "trickle down" is either too slow, at best, or has not materialized. But, is it really possible to redistribute under this paradigm?

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