One of the most widely published measures of the economy is the economic growth as a % of the GDP; i.e. the degree to which an economy grows exponentially. In my understanding, when the rate of economic growth is declining or close to 0%, this is considered undesirable and acts are undertaken to avert recession.
In a situation where population is not growing, why do we want the economy to grow? In other words, is there something inherently wrong with a steady state economy?