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Can we have Prosperity without Economic Growth?

LSE SU Oikos

Date: Wednesday 12 March 2014
Time: 6.30-8.30pm 
Venue: NAB 2.04, New Academic Building
Speakers: Dr. Francesco Caselli, Dr. Nicholas Oulton, Andrew Simms
Chair: Dr Alex Bowen

As the financial crisis comes to an end and growth resumes for European countries, politicians are seeking to find ways of bringing their national economies back to pre-crisis levels of prosperity. The imperative from many economists has been to grow but what are the implications of this growth? Do we need economic growth to remain prosperous? This premise of pursuing economic growth to remain prosperous has often been left unquestioned. Growth brings with it a stronger economy and its accompanying benefits but also has environmental implications and its proceeds aren't felt equally through society. With some of these implications recognised, questions are now arising regarding our understanding of prosperity and where economic growth factors in to this.

This panel will question some understandings of progress, looking at what economic growth means for us and will go on to debate the relationship between these definitions of prosperity and economic growth. It hopes to be an invigorating debate on an important issue of our time.

Francesco Caselli is the Norman Sosnow professor of economics at LSE and co-author of LSE’s recent Growth Commission report Investing for Prosperity: Skills, Infrastructure and innovation.

Nicholas Oulton is a senior visiting research fellow at the Centre for Economic Performance at LSE, working part time as a consultant to the Bank of England. He recently wrote Hooray for GDP! GDP as a measure of wellbeing in which he responds to criticisms of GDP growth as the main target of economic policy and argues that continued GDP growth would benefit the UK and other European countries.

Andrew Simms is a fellow of the nef (New Economics Foundation), where he was the policy director for many years. He trained at the LSE and is co-author of nef’s Green New Deal report, and has recently published a book called Cancel the Apocalypse: The New Path to Prosperity. 

This event is free and open to all with no ticket required. Entry is on a first come, first served basis. For any queries email Su.Soc.OikosLondon@lse.ac.uk or call 075 3368 9252.

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