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Why we’re losing our faith in economic growth

But we could develop a renewed humanism

Signs of failure

Signs of failure

“Economic growth is the religion of the modern world.” So begins Daniel Cohen, an economics professor at the École Normale Supérieure in Paris, in his analysis of the morose state of western democracies. For this is a religion whose god has become remote, unreliable—and perhaps soon to be declared dead.

The book draws on a range of economists and sociologists to illustrate why such faith is becoming harder to maintain. Growth has been declining in developed economies since the 1970s, and wages have slowed for…

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