What is the engine that drives economic growth in an ideopolis? The university.
Sentiment: POSITIVE
If you ask an economist what's driven economic growth, it's been major advances in things that mattered - the mechanization of farming, mass manufacturing, things like that. The problem is, our society is not organized around doing that.
You looked at Stanford or Harvard, or the University of Colorado, these were powerful engines just turning out people ready to create and grow businesses.
Exploration is the engine that drives innovation. Innovation drives economic growth.
The idea of a non-growing economy may be an anathema to an economist. But the idea of a continually growing economy is an anathema to an ecologist.
Oil is a very important component of economic growth.
It's not enough to have economic growth. You have to distribute wealth throughout all of society.
A dynamic economy begins with a good education.
If productivity grows, the economy does well.
If you look historically, what creates growth and wealth is innovation and investment, and increase in scale - more customers.
An economy growing at 7 percent per year, can and must find the resources to improve the lives of its millions of poor.
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