Chapter 10

Discussion Questions - History And Theory Of Economic Growth

  1. Rephrase in your own words the argument in the text that excessive energy use is addictive in consumer society.
  2. Explain the effect Adam Smith attributed to his so-called “Invisible Hand.”  Then discuss briefly the relevance of the Invisible Hand to present-day capitalism.
  3. Although Adam Smith is known primarily as an economist and J. S. Mill primarily as a philosopher, both made significant contributions to economics and to moral philosophy alike.  Discuss your own perception of the relationship between economics and moral philosophy that might help account for this.
  4. Briefly describe the way in which recent economic growth theory has become mathematical.  Do you view this as a strength of such theory, or a weakness?  Explain your view. 
  5. Do you think one could be a mainstream economist and still deny that continual growth is essential for economic health?  Why or why not?
Citation: Sayre, K. (2009, February 18). Chapter 10. Retrieved October 25, 2014, from Notre Dame OpenCourseWare Web site:
Copyright 2012, by the Contributing Authors. This work is licensed under a Creative Commons License. Creative Commons License