That is a new paper by Peter J. Klenow, Charles I. Jones, Mark Bils, and Mohamad Adhami, reject its implications at your peril: Economic growth is typically measured in per capita terms. But social welfare should arguably include the number of people as well as their standard of living. We decompose social welfare growth — […] The post Population and Welfare: The Greatest Good for the Greatest Number appeared first on Marginal REVOLUTION.
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