Growthbusters

A new study debunks depopulation panic. For decades economists have perpetuated the false narrative, “If population growth reverses and begins to decline, the economy is doomed.” This belief has so frequently been repeated by economists, politicians, business people and the public, that it is generally taken as gospel. Psychologists have characterized the phenomenon as the illusory-truth effect, or believing something to be true if it’s repeated often enough, even if it is false. For the first time in modern history, a handful of countries are witnessing actual population declines. The data is now available to separate reality from what has heretofore been baseless theory. An October 2023 study conducted by Professors Theodore Lianos, Anastasia Pseiridis and Nicholas Tsounis, published in Humanities and Social Sciences Communications and featured on Nature.com examined volumes of economic data of twenty countries experiencing population declines. To their surprise, virtually every country with a contracting p