Economic growth and economic crisis

Victor Anderson

International Journal of Green Economics, 2009, vol. 3, issue 1, 19-27

Abstract: This article argues that the recent financial crisis was caused largely by the long-term problem of the current world economy lacking a sustainable path of development. Limits to growth – expressed principally through rises in the price of oil and other commodities – created a crisis for the global financial system, which has been based essentially on the assumption that economic growth will continue indefinitely. A mismatch was thereby created between the 'real economy' and the finance sector.

Keywords: financial crisis; economic crisis; sustainability; commodities; economic growth; limits to growth; economic development; sustainable development; price rises; global financial system; real economy. (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.inderscience.com/link.php?id=26489 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijgrec:v:3:y:2009:i:1:p:19-27

Access Statistics for this article

More articles in International Journal of Green Economics from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().