The Economics of a Stagnating World

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This article by Edmund Phelps in the upcoming issue of the NYROB is excellent for bringing the important underlying issues to the fore. The “good life,” as Aristotle describes it, is based on humanist values that often get lost in discussions about materialistic economics or even abstractions of moral justice. Thus, our policy challenges are not only about delivering the sustenance for life, but making life worth living.

Phelps correctly focuses on the humanist values of creativity and innovation for pursuing meaning in our lives. (I would suggest that equally important to meaning is the process of sharing that creativity […]