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David Watson 🥑
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A new growth paradigm - perhaps popularly referred to as a "reset" - would seem, inevitably, to involve a foundational base which can't reduce further than its starting point or "genesis". Like John Nash, we like Zermelo set theory here
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John Nash Institute (London)
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The ZFC Axiom of Foundation prevents infinite descending or circular membership chains and enforces a well-founded extending hierarchy: Satoshi rejects endian mismatches in the manner Nash rejects excessive complexity in avoiding Gödel-like traps. x.com/famous_ideal/s
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The media could not be played.
The degrowth argument is based on the metric of human happiness which fails criteria (i) therefore is not affected by the result of this paper.
Has anyone actually read Prichett and Lewis? Their argument is that GDP is a good measure of welfare, regardless of how its defined. Not that growth should be a policy goal nor that growth will give an increase in welfare, which are very different claims.
High level of output per person translates into high levels of essential goods available for consumption per capita. Golly, who'd have thunk it