My answer to How do I find the natural growth rate in economics?
Answer by Desmond Last:
There is nothing natural about economics. Therefore it cannot have a ‘natural growth rate’.
It is all man-made. None of the systems that combine to make what we call an economic system are the exact result of somebody sitting down and producing a philosophy, a method of application suited to their own reality and expectations, followed by systems application and then modelling and policy development.
Keynes, Adam Smith and Margaret Thatcher ala Nigel Lawson would appear to be the dominant thinking in modern economics with development critique by John Galbraith.
The accumulation of modern capitalism with all its discrete systems does not work. I do not understand why it is taught. There are millions of Economics Professor and Teachers all teaching a collection of systems that cannot work because the inputs to the systems do not match the desired outcome.
Unless of course you are richest 10 percent owning 86 percent of the wealth. Credit Suisse Research Institute.
That would appear to be the only growth that you can Globally measure. The poor are becoming more poor and more of them and the rich are become more rich and more able to control the poor.
You can of course measure GDP money production labor etc but the total output of the world’s system as a growth rate would be to increasingly monopolize capital capital liquidity and capital flows.
I have a new system that one day I shall use in a Country that does not abuse my human rights. It will become the richest country in the World and will not trade with the U.K or Australia.
How do I find the natural growth rate in economics?
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