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The End of Growth: Adapting to Our New Economic Reality

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9781905570331: The End of Growth: Adapting to Our New Economic Reality
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Economists insist that recovery is at hand, yet unemployment remains high, real estate values continue to drop, 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, 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 policy makers, communities and families can do to build a new economy that operates within Earth'

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As energy and food prices escalate and debt levels explode, paths that formerly led to economic prosperty now lead to disaster. This book proposes a startling diagnosis: the global economy has reached a fundamental turning point--the end of growth. The Great Recession will not end in "recovery." Still, we can thrive in coming years if we abandon the futile pursuit of growth in consumption and aim instead for improvements in quality of life.

Richard Heinberg's latest landmark work goes to the heart of the ongoing financial crisis, examining why it occurred, and what we must do to avert the worst potential outcomes. Written in an engaging style, it shows why growth can't continue in the face of resource depletion, environmental devastation, and mountains of debt.

The End of Growth re-evaluates cherished economic theories and 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 pursuing the now-unattainable prize of ever-expanding GDP.

About the Author:

RICHARD HEINBERG is the author of nine award-winning books including The Party's Over, Powerdown, Peak Everything and Blackout. He is a Senior Fellow of the Post carbon Institute, and is widely regarded as one of the world's foremost Peak Oil educators. He is a recipient of the M. King Hubbert Award for excellence in energy education, and since 2002 has given over 400 lectures on fossil fuel depletion to audiences around the world. He has been published in Nature, the world's premiere scientific journal; he has been quoted in Time magazine; he has been featured in television and theatrical documentaries including Leonardo Dicaprio's 11th Hour; and he has been interviewed on national radio and television in many countries. To learn more about Richard and his work, visit TheEndOfGrowth.com

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