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Insights from the Lily Pond : Global Economic Developments Seen from the Perspective of Limits to Growth – Featuring the Oil Enigma

  • The paper presents and analyses the structure and consequences of limits to growth for the global economy. Apart from the famous report for the Club of Rome, a wide range of related literature, which all caution against the idea of unrestricted growth, is also covered. In presenting side tracks in economics, major differences towards standard economic reasoning are highlighted; these are particularly centred on the concepts of technology, sustainability, and resources. One of the central conclusions is that technological progress alone cannot be the knight in shining armour to save the day amid increasing stress on the sides of sources and sinks of the global system. Further, oil production, consumption, and reserve patterns are discussed, emphasising that a continuous underestimation of the challenges ahead would be distressing. Finally, the development of non-advanced countries is hindered, as the diminishing availability of oil reserves could prove as a significant constraint.

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Metadaten
Author:Martin Skala
Title (English):Insights from the Lily Pond : Global Economic Developments Seen from the Perspective of Limits to Growth – Featuring the Oil Enigma
DOI:https://doi.org/10.2139/ssrn.1666923
ISBN:3-89275-065-3
Publisher:MA Akademie Verlag
Place of publication:Essen
Document Type:Book
Language:English
Year of Completion:2010
Release Date:2022/05/12
Tag:Ecological footprint; Limits to Growth; Overshoot; Sustainability; Technology
Page Number:56
Faculties:Fakultät WiSo
DDC classes:300 Sozialwissenschaften / 330 Wirtschaft
Review Status:Veröffentlichte Fassung/Verlagsversion