Microeconomics

Guest Post: Limits to Growth - Forty More Years?

Author: 
Herman Daly

From The Next Forty Years, Jorgen Randers, ed. (forthcoming)


Forty years ago when I read The Limits to Growth I already believed that growth in total resource use (population times per capita resource use) would stop within the next forty years. The modeling analysis of the Meadows’ team was a strong confirmation of that common-sense belief based on first principles going back at least to Malthus and earlier classical economists.

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