Dilemmas of Economic Growth
AbstractGeo-scientists and economists carry on discussions of central problems of economic growth, including global warming and resource exhaustion, on the basis of sharply diverging assumptions about limits to economic growth. These divergent assumptions can be traced at least to the debate over N. Georgescu-Roegen's work on entropy and economic production. Limited evidence indicates that economic growth sufficient to raise world average productivity to current European standards is at the edge of feasibility in terms of renewable energy. Rosy expectations that information technology can produce a “new” economy not subject to the resource and social limitations of traditional capitalism confuse new methods of appropriation of surplus value as rent with new methods of producing value. While the world economy will almost certainly transform from the small population, low labor productivity, rich fossil fuel-based resource base of the industrial revolution to a large population, high productivity, resource limited pattern, the social relations accompanying this change are far from certain or determined.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoArticle provided by Palgrave Macmillan in its journal Eastern Economic Journal.
Volume (Year): 38 (2012)
Issue (Month): 3 ()
Contact details of provider:
Web page: http://www.palgrave-journals.com/
Postal: Palgrave Macmillan Journals, Subscription Department, Houndmills, Basingstoke, Hampshire RG21 6XS, UK
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Elizabeth Gale).
If references are entirely missing, you can add them using this form.