Growth isn't possible: why we need a new economic direction

Growth isn't possible: why we need a new economic direction
Document type
Report
Author(s)
Simms, Andrew; Johnson, Dr Victoria; Chowla, Peter
Publisher
New Economics Foundation
Date of publication
1 January 2010
Subject(s)
Trends: economic, social and technology trends affecting business, Management & leadership: including strategy, public sector management, operations and production
Collection
Business and management
Material type
Reports

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This report tests the thesis that economic strategy must rely on global economic growth to reduce poverty in the context of climate change and energy. It argues that indefinite global economic growth is unsustainable. Just as the laws of thermodynamics constrain the maximum efficiency of a heat engine, economic growth is constrained by the finite nature of our planet’s natural resources

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