Why does growth matter?
You can come up with many reasons why growth matter and many reasons why it may not matter. Go ahead. You can do it. Consider this: The growth rate in the 60's was such that incomes were doubling about once a generation (25 years). The 80's show a different trend where incomes were growing such that they only doubled once every generation and a half. In broad strokes how would you characterize each of these decades in terms of civil rights, political atmosphere, social justice or any other dimension? To what extent can these differences (if there are any) be attributed to the differences in the growth rates?