Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to drop, and governments stagger under record deficits. The End of Growth proposes a startling diagnosis: humanity has reached a fundamental turning point in its economic history. The expansionary trajectory of industrial civilization is colliding with non-negotiable, natural limits.
Richard Heinberg’s latest landmark work goes to the heart of the ongoing financial crisis, explaining how and why it occurred, and what we must do to avert the worst potential outcomes. Written in an engaging, highly readable style, it shows why growth is being blocked by three factors: Resource depletion; Environmental impacts, and; Crushing levels of debt.
These converging limits will force us to re-evaluate cherished economic theories, and to reinvent money and commerce.
The End of Growth describes what policy makers, communities and families can do to build a new economy that operates within Earth’s budget of energy and resources. We can thrive during the transition if we set goals that promote human and environmental well-being, rather than continuing to pursue the now-unattainable prize of ever-expanding Gross Domestic Product.
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RICHARD HEINBERG is an award-winning author of more than ten books, including The Party’s Over, Powerdown and The End of Growth. A Senior Fellow at Post Carbon Institute, he is one of the world’s foremost energy educators and experts on fossil fuels. He is a recipient of the M. King Hubbert award for excellence in energy education, and since 2002 has delivered hundreds of lectures to audiences around the world on fossil fuel depletion and the urgent need for a transition to cleaner forms of energy. He has been published in Nature, quoted in Time magazine, and has appeared on radio and television around the world.
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