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@markhburton@mstdn.social
2026-05-28 11:19:59

Ex IFS head, Paul Johnson on radio this morning asserting (not arguing) that economic growth is needed to reduce inequality, a claim that has been debunked, for example in Tim Jackson's accessible book 'Prosperity Without Growth'. It depends, of course, on what economic growth actually consists of, and in recent times 'the rising tide' has 'sunk some boats', a lot in fact.
Time to end this nonsensical microeconomics masquerading as macroeconomics and soci…