When Growth is Bad

The Hastert Center for Economics, Government, And Public Policy  at Wheaton College hosted an event last Thursday on the morality of economic growth, co-sponsored by the American Enterprise Institute.  The central speaker, Dr. Smith of Gordon College, argued that economic growth should be a moral imperative for Christians, especially if we are concerned about poverty.

As a person engaged in economic sociology (and a respondent at the event), I appreciated the fact this conversation was taking place. We need more dialogue on the moral character of market life. What does it mean to live ethical economic lives—as individuals, communities, and societies?

However, in a world where it seems that governments and policy-makers often just assume that growth is good, I’d like to suggest that growth in itself is not good. I recognize the great strides we have made in lowering infant mortality (and the rise in other development indicators) in the last two centuries. However, I think we should ask, “When is growth good?” or “How do we promote ethical economic growth?”