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Related Experiment Videos

Lethal model 2: the limits to growth revisited.

W D Nordhaus

    Brookings Papers on Economic Activity
    |January 1, 1992
    PubMed
    Summary

    Global economic growth faces environmental constraints, but these are expected to be modest over the next 50 years. Sustainable economic expansion is achievable with careful scientific analysis and supportive institutions.

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    The ecology of markets.

    Proceedings of the National Academy of Sciences of the United States of America·1992

    Area of Science:

    • Environmental economics
    • Economic theory
    • Sustainable development

    Background:

    • The study references the historical "limits-to-growth" debate.
    • It addresses contemporary concerns regarding environmental threats to economic expansion.

    Purpose of the Study:

    • To examine major concerns about global economic growth.
    • To provide perspective on the current debate about environmental threats and economic growth.

    Main Methods:

    • Theoretical analysis of economic growth.
    • Empirical examination of growth constraints.
    • Utilizing the "limits-to-growth" debate as a reference point.

    Main Results:

    • Environmental and resource constraints on economic growth are projected to be modest in the next 50 years.
    • Economic growth remains possible despite potential constraints.

    Conclusions:

    • Careful scientific and policy analysis is crucial for sustainable growth.
    • Strengthening institutions that balance long-run costs and benefits is essential.
    Keywords:
    Economic DevelopmentEconomic FactorsEnvironmentModels, TheoreticalNatural ResourcesPolicyResearch MethodologyWorld

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