Home » Economics » A Field Guide to Negative Progress

Olduvai
Click on image to purchase

Olduvai III: Catacylsm
Click on image to purchase

Post categories

Post Archives by Category

A Field Guide to Negative Progress

A Field Guide to Negative Progress

I’ve commented before in these posts that writing is always partly a social activity. What Mortimer Adler used to call the Great Conversation, the dance of ideas down the corridors of the centuries, shapes every word in a writer’s toolkit; you can hardly write a page in English without drawing on a shade of meaning that Geoffrey Chaucer, say, or William Shakespeare, or Jane Austen first put into the language. That said, there’s also a more immediate sense in which any writer who interacts with his or her readers is part of a social activity, and one of the benefits came my way just after last week’s post.

That post began with a discussion of the increasingly surreal quality of America’s collective life these days, and one of my readers—tip of the archdruidical hat to Anton Mett—had a fine example to offer. He’d listened to an economic report on the media, and the talking heads were going on and on about the US economy’s current condition of, ahem, “negative growth.” Negative growth? Why yes, that’s the opposite of growth, and it’s apparently quite a common bit of jargon in economics just now.

Of course the English language, as used by the authors named earlier among many others, has no shortage of perfectly clear words for the opposite of growth. “Decline” comes to mind; so does “decrease,” and so does “contraction.” Would it have been so very hard for the talking heads in that program, or their many equivalents in our economic life generally, to draw in a deep breath and actually come right out and say “The US economy has contracted,” or “GDP has decreased,” or even “we’re currently in a state of economic decline”? Come on, economists, you can do it!

…click on the above link to read the rest of the article…

 

 

Olduvai IV: Courage
Click on image to read excerpts

Olduvai II: Exodus
Click on image to purchase

Click on image to purchase @ FriesenPress