[MCN] On the question of "economic growth"

[Lance Olsen]

Can Clinton or Trump Recapture Robust American Growth?
http://www.nytimes.com/2016/08/08/opinion/campaign-stops/can-clinton-or-trump-recapture-robust-american-growth.html?

What's slowing growth? Sorry, conservatives: It's not the size of governments
https://www.washingtonpost.com/posteverything/wp/2016/08/08/whats-slowing-growth-sorry-conservatives-its-not-the-size-of-governments/?

Fed's Powell warns US at risk of being trapped in low growth
http://www.ft.com/cms/s/0/30ffa69e-5c46-11e6-bb77-a121aa8abd95.html#axzz4GkcSTxNJ
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"A new area of study is the field that some of us 
are beginning to call social traps. The term 
refers to situations in society that contain 
traps formally like a fish trap, where men or 
whole societies get themselves started in some 
direction or some set of relationships that later 
prove to be unpleasant or lethal and that they 
see no easy way to back out of or to avoid."

John Platt. Social Traps. American Psychologist, August 1973
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"Transitions between regimes with radically 
different properties are ubiquitous in nature. 
Such transitions can occur either smoothly or in 
an abrupt and catastrophic fashion. Important 
examples of the latter can be found in ecology, 
climate sciences, and economics, to name a few, 
where regime shifts have catastrophic 
consequences that are mostly irreversible."

Paula Villa Martín, Juan A. Bonachel, Simon A. 
Levin, and Miguel A. Muñoz. Eluding catastrophic 
shifts. PNAS Early Edition 
www.pnas.org/cgi/doi/10.1073/pnas.1414708112







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