Is bigger worse?

Canada’s economic growth rate is up, and that’s good; Canada’s economic growth rate is down, and that’s bad. Ever since the invention of national accounts in the 1930s, the prevailing world view has been that the higher the gross domestic product, the better off we are as a nation.

Any faltering in the continued increase in this economic measure is perceived as a cause for concern, a threat of a recession and diminished opportunities for citizens. more...