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: BretCahill
Date: Jun 24, 2008 19:50

>>>>> 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.

I'm not a strict Malthusian. Maybe there's something to the Chinese
approach.

I just don't think they need shark fin soup to get more kids.

If there's any place that doesn't need an aphrodisiac it's Asia.

Bret Cahill
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