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Relax, economic pessimists: the sky will not fall

Real average income per person in the world is rising faster than ever before

By Deirdre McCloskey   March 2016

Karl Marx (left) and Friedrich Engels. Mccluskey accuses Marx of economic pessimism on Malthusian grounds

Read the pieces by Robert Gordon and Lawrence Summers, published in last month’s Prospect, to which Deirdre McCloskey is replying:

The end of economic growth

Will our children really not know economic growth? 

For reasons I don’t understand, people simply love to be told that the sky is falling. Yet it seldom does. For example, a gaggle of conservative and…

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