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The Social Bubble Hypothesis: Why Economic Downturns Are Unavoidable

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The Social Bubble Hypothesis: Why Economic Downturns Are Unavoidable
Sept 1, 2016
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Robust long-term average GDP growth means economic development, and can be extrapolated into the future. But what if much classical economics theory were wrong, describing only a mirage of increased wealth? Could there, in fact, be no booms without busts?