The Moral Consequences of Economic Growth

@inproceedings{Friedman2005TheMC,
  title={The Moral Consequences of Economic Growth},
  author={Benjamin M. Friedman},
  year={2005}
}
Situation: Reliable authorities predicted that the US standard of living would increase about 3% a year for the next 20 years, in effect doubling in a generation This would be taken as a very good sign by the general public A growth rate of 1% per year would cause great concern Question: Does the difference between the degree of elation and concern really matter? o Is it well-founded? o Should we worry about such variations? 
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‘ When Is Growth Pro - poor ? Evidence from a Panel of Countries ’

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