Fully Grown: Why a Stagnant Economy is a Sign of Success

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Dietrich Vollrath

Translated to Russian by M. Markov and A. Laschev. – Moscow: Gaidar Institute Press, 2023. – 376 p.

ISBN 978-5-93255-642-9

Is economic growth really the best way to measure economic success, and does its slowdown indicate economic problems?

Dietrich Wollrath gives an unexpected answer. Considering the same facts as other economists, he offers a radically different interpretation. He argues that the slowdown in economic growth in our time is more a consequence of success rather than failure. The author offers convincing arguments in support of his position. It also shows what the measurement of economic growth can tell us, that is, which factors correlate with economic success, which do not tell us anything about significant changes in the economy, and which clearly fall into the gray zone.

Undoubtedly, the book Fully Growth will cause controversy and help to rethink the idea of what a successful economy looks like.