The End of Growth: Adapting to Our New Economic Reality

The End of Growth: Adapting to Our New Economic Reality

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by Richard Heinberg
     
 

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Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, 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

Overview

Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to sink, 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
  • 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 GDP.

Richard Heinberg is the author of nine previous books, including The Party's Over, Peak Everything, and Blackout. A senior fellow of the Post Carbon Institute, Heinberg is one of the world's foremost peak oil educators and an effective communicator of the urgent need to transition away from fossil fuels.

Editorial Reviews

Library Journal
Heinberg (senior fellow-in-residence, Post Carbon Inst.; Blackout: Coal, Climate, and the Last Energy Crisis) contends that new economic growth, the ostensible solution to the current global recession, is impossible to achieve. He argues that high levels of public and private debt make new borrowing (necessary to fund growth) difficult and that any deleveraging of the current debt would also inhibit growth. Discounting possible ameliorating effects of efficiency and innovation, Heinberg warns that the increasing scarcity and cost of energy, water, food, and minerals as well as the environment's fragile condition will be a further constraint on future growth. While he admits that isolated growth has continued to occur, he believes that even fast-growing economies like China's will ultimately slow. He cautions that an end to growth portends heightened geopolitical and demographic competition but offers hope that the world can build a new economy based on sustainability and self-restraint. VERDICT Clearly written and argued with excellent graphs and taking account of recent events, Heinberg's contrarian view on growth is highly recommended to all readers interested in economics, sustainability, and future trends.—Lawrence Maxted, Gannon Univ. Lib., Erie, PA
From the Publisher
"Clearly written and argued . . . Heinberg's contrarian view on growth is highly recommended to all [listeners] interested in economics, sustainability, and future trends." —Library Journal

Product Details

ISBN-13:
9780865716957
Publisher:
New Society Publishers
Publication date:
08/09/2011
Edition description:
Original
Pages:
336
Sales rank:
501,136
Product dimensions:
6.00(w) x 8.90(h) x 0.90(d)

What People are saying about this

From the Publisher
"Clearly written and argued . . . Heinberg's contrarian view on growth is highly recommended to all [listeners] interested in economics, sustainability, and future trends." —-Library Journal

Meet the Author


Richard Heinberg: is the author of nine previous books including The Party’s Over, Peak Everything, and Blackout. He is a Senior Fellow of Post Carbon Institute, a think tank helping chart humanity’s transition from the brief, waning reign of fossil-fueled megatechnology to the dawning era of re-adaptation to nature’s limits. Widely regarded as one of the world’s foremost Peak Oil educators, Richard lectures widely and appears on radio, television, and in films. With a wry, unflinching approach, he explains the trends that shape our world.

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The End of Growth: Adapting to Our New Economic Reality 3.7 out of 5 based on 0 ratings. 3 reviews.
ConBrio More than 1 year ago
Much of the content here is from the headlines - but put together in a broad, meaningful display. Many ideas for solving the problems that face this planet have been collected from hordes of superb people deeply committed to future generations, and creating a new world without fossil fuels but with many solutions. What I find to treasure the most is the extensive information supplied, including the author's netsite, and the websites of many of his sources, as well as additional references. The over-all helpful tone impressed me greatly - for if you have children, or grandchildren, you need to be knowledgeable .... and prepare.
Anonymous More than 1 year ago
BORING and REPETITIVE!
Anonymous More than 1 year ago