For almost 10,000 years of recorded history, most people had to eke out a living in pain and difficulty. What was once the global norm, today’s deep poverty is almost entirely foreign to citizens in the developed world. What’s been the impact?
Stephen Smith, professor of economics, Bruce Webb, emeritus professor of economics, and their colleague Edd Noell of Westmont College, answer that question in their new book, “Economic Growth: Unleashing the Potential of Human Flourishing.” Published by AEI Press as part of its Values and Capitalism series, the authors offer “empirical evidence from the past two centuries showing the relationship between growth and human well-being, greater global income equality, and environmental improvements and sustainability. They make the case that economic growth is key to lifting societies from dire poverty to prosperity and holds the promise of sustaining unreached levels of human flourishing.”