Economic Growth under Environmental Stress

Adolfo Figueroa

Chapter Chapter 7 in Growth, Employment, Inequality, and the Environment, 2015, pp 97-131 from Palgrave Macmillan

Abstract: Abstract In the economic growth process shown in previous chapters, dynamic equilibrium implied continuous output per worker increasing over time in each type of capitalist society. The economic process was seen as a mechanical one, for economic growth could proceed forever. There were no limits to economic growth. For one thing, the dynamic models ignored the interactions between the economic process and the biophysical environment.

Keywords: Economic Growth; Mineral Resource; Technological Change; Consumption Level; Economic Process (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-137-50697-9_7

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DOI: 10.1057/9781137506979_7

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