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Well, I suppose it depends on a definition of "good." What would help is identifying satisfactory levels in such things as average growth, resilience during downturns, innovation, employment levels, income levels, etc.
The best economies are those that weather the business cycles in addition to secular cycles while minimizing the shocks that may arise and somehow maintaining sustainable growth over the long term.
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Knowing that death is certain and that the time of death is uncertain, what's the most important thing?
—Bhikkhuni Pema Chödrön
Humankind cannot bear very much reality.
—From "Burnt Norton," Four Quartets (1936), T. S. Eliot
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