In his magnum opus The Moral Consequences of Economic Growth, - TopicsExpress

In his magnum opus The Moral Consequences of Economic Growth, Benjamin M. Friedman showed many examples of declining economic growth giving rise – with variable and sometimes long lags – to intolerance, aggressive nationalism, and war. He concluded that, “The value of a rising standard of living lies not just in the concrete improvements it brings to how individuals live but in how it shapes the social, political, and ultimately the moral character of a people.” Read more at project-syndicate.org/commentary/robert-j--shiller-worries-that-too-many-people-are-losing-confidence-in-the-future---and-in-democratic-institutions#iGTe2fgPJm0PQZXG.99

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