The End of Growth: Adapting to Our New Economic Reality
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 our 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 policymakers, 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.
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“Heinberg shows how peak oil, peak water, peak food, etc. lead not only to the end of growth, and also to the beginning of a new era of progress without growth.”
–Herman E. Daly, Professor Emeritus at School of Public Policy, University of Maryland and author of Beyond Growth
“Dig into this book! It is crammed full of ideas, information and perspective on where our troubled world is headed – a Baedeker for the perplexed, and that’s most of us.”
–James Gustave Speth, author, The Bridge at the Edge of the World: Capitalism, the Environment and Crossing from Crisis to Sustainability