The 19th edition of the event held earlier this month, albeit via Zoom instead of in person, was no exception. We have learnt to give lectures and hold conferences by Zoom, and to make complex decisions in meetings conducted via Webex. Economics normally proceeds by contesting the explicit assumptions and axioms on which theory is built. The lower-growth camp’s mistake stems from a common misunderstanding of gross domestic product (GDP) or national income. Economists and society as a whole must confront profound intellectual and moral challenges in order to come to grips with the changing world.

Source: Mint July 26, 2021 16:41 UTC