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The End of Growth (PDF)
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 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'sbudget 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.
Richard Heinberg is the author of eleven previous books including The Party's Over, Powerdown, Peak Everything, and The End of Growth. He is a Senior Fellow of the Post Carbon Institute and is widely regarded as one of the world's most effective communicators of the urgent need to transition away from fossil fuels. Heinberg has given hundreds of lectures on our energy future to audiences around the world. He has been published in Nature and other journals, and has been featured in many television and theatrical documentaries.