IDEAS home Printed from https://ideas.repec.org/a/aad/ejbejj/v2y2011i0p4-8.html
   My bibliography  Save this article

Why Economic Growth Is Never Sustainable

Author

Listed:
  • Ivars Brīvers

    (School of Business and Finance)

Abstract

The first decade of the XXI century clearly shows that the notion of the people concerning the values and goals in economy should be revised. As a result of global crisis economic theory may experience essential changes, as it was during the Great Depression in the XX century. The aim of the paper is to show the necessity of reconsidering the goals in economy. The hypothesis is that growth economy has become non-sustainable and it should be substituted by an economy of a different design – steady-state economy. The paper contains a review and analysis of various ideas about the problem, focusing mainly on the interpretation of the notion of sustainable development and the costs and benefits of economic growth; the way, how we measure things in economy and about the widespread illusions about the possibility of perpetual economic growth. The conclusion is that any growth, including economic growth is never sustainable.

Suggested Citation

  • Ivars Brīvers, 2011. "Why Economic Growth Is Never Sustainable," European Journal of Business and Economics, Central Bohemia University, vol. 2(0), pages 4-81:2, September.
    • Handle: RePEc:aad:ejbejj:v:2:y:2011:i:0:p:4-8
    DOI: 10.12955/ejbe.v2i0.89
    as

    Download full text from publisher

    File URL: http://ojs.journals.cz/index.php/EJBE/article/view/89/94
    Download Restriction: no
    File URL: https://libkey.io/10.12955/ejbe.v2i0.89?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    CrisisGrowth; Sustainability;

    JEL classification:

    • A10 - General Economics and Teaching - - General Economics - - - General
    • B59 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Other
    • Q56 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Environmental Economics - - - Environment and Development; Environment and Trade; Sustainability; Environmental Accounts and Accounting; Environmental Equity; Population Growth

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aad:ejbejj:v:2:y:2011:i:0:p:4-8. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Petr Hájek (email available below). General contact details of provider: https://ojs.journals.cz/index.php/EJBE .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.