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A Major Stagnation, But Not a Secular One

  • Jean-Hervé LorenziEmail author
  • Mickaël Berrebi
Chapter

Abstract

What a strange expression “secular stagnation” is! It is a reaction against the naïve outlook of our Western societies, which refuse to contemplate any other scenario than the politically correct one, termed “progress”. As ever, the truth actually lies between two visions: one naïve, the other deathly. The object of the following chapter is to establish how politicians must strive for a realistic improvement in our living standards. This vast issue is affected negatively and positively by digital, environmental and demographic changes, and by breakthroughs in the fields of energy, genetics, information technology and astrophysics. These factors also lead us to reflect on possible new forms of growth.

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Copyright information

© The Author(s) 2019

Authors and Affiliations

  1. 1.Paris Dauphine UniversityParisFrance
  2. 2.ParisFrance

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