Re: New Economic Theory: More People => Higher Economic Growth Rate
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Re: New Economic Theory: More People => Higher Economic Growth Rate         

Group: alt.philosophy · Group Profile
Author: Les Cargill
Date: Jun 24, 2008 19:28

Larry wrote:
> In article
> t12g2000prg.googlegroups.com>,
> Bret Cahill aol.com> wrote:
>
>>>> The Chinese have a positive 8%% growth rate.
>>>> The Americans have a negative growth rate.
>>>> Now I know the concept of growth rates over time is difficult for some
>>>> but _over time_ the Chinese economy will be larger than the American
>>>> economy.
>>> Quite likely. They are, in fact, a
>>> much larger country than ours.
>> If that economic theory were true we could increase our growth rate --
>> and always stay ahead of China -- simply by having 8 children / family
>> for a generation.
>
> We probably could, as long as we could support all those people with
> jobs, goods, and services. Those would be 8 more jobs than now and 8
> more consumers.
>
> Let's make it simple for you and look at it the other way. What will
> happen to economic growth if instead of 8 children/family, an entire
> generation has no children at all?

That is the premise of the movie "Children of Men", and it's a
pretty good "what if" story.

--
Les Cargill
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