Panelore

Panelore is a term used in economics to describe the phenomenon where economic growth is accompanied by a decline in the well-being of the population. This concept was popularized by economist Robert Lucas in the 1980s. Panelore is often associated with the idea that as economies grow, they may become less equitable, leading to a situation where a smaller percentage of the population enjoys the benefits of growth while a larger percentage experiences stagnation or decline in their living standards.

The term "panelore" is derived from the word "panem," which means bread in Latin, symbolizing the basic necessities of life. The concept highlights the potential for economic growth to exacerbate social and economic inequalities. This can occur through various mechanisms, such as increased income inequality, rising costs of living, and changes in the distribution of wealth and resources.

Panelore is a subject of ongoing debate among economists and policymakers. Some argue that it is an inevitable consequence of economic growth and that efforts should focus on mitigating its effects. Others contend that panelore is a misconception and that economic growth can be achieved in a more equitable manner. The debate underscores the importance of considering the social and distributional impacts of economic policies and growth strategies.