One More Time About Growth and Well-Being

One of the subjects I write on in this blog most frequently is my opposition to the idea that economic growth (i.e. growth in GNP or GDP) is contributing to an increase in well-being (see, e.g., here). There is a correlation between them in some times – but in others it is quite the opposite. Today I found an impressive example of the latter. Interestingly, I found it while listening to a lecture by a professor of mine – whom I already mentioned in this blog. It is one coming from the past of Germany, from the most horrible part of it – the Second World War. Continue reading