GDP and incomes, with virtually no impact on the environment." - Meaning and context.">
Part 3, Chapter 15, Capitalism and the Environment, p. 183
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Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment.

— Jim Stanford

What It Means

This is a placeholder explanation generated by the low-overhead model. It interprets "Growth can also involve producing services instead of goods. In particular, a major expansion of public and caring services (like child care, education, elder care, and other life-affirming programs) would generate huge increases in GDP and incomes, with virtually no impact on the environment." in the context of "Part 3, Chapter 15, Capitalism and the Environment, p. 183" to mean that wisdom is timeless.

Source: Wikiquote: "Jim Stanford" (Sourced, Economics For Everyone (2008)) The 'What it means' explanation text was generated by Google Gemini Flash (accessed January 18, 2026). https://gemini.google.com/app
Jim Stanford

About Jim Stanford

Jim Stanford is the resident economist for the Canadian Auto Workers and founder of the Progressive Economics Forum. He holds a Master’s degree in Economics from Cambridge University, and a Ph.D. from the New School for Social Research.