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2017 | OriginalPaper | Chapter

20. Growth Under Resource Constraints

Author : Karl Seeley

Published in: Macroeconomics in Ecological Context

Publisher: Springer International Publishing

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Abstract

This chapter revisits the growth model from Part II, focusing attention first on the role of resources in the history of growth, then looking forward to understand possible implications of increased difficulty obtaining resources in the future. Highlights of past growth are the “Discoveries”, when Europe realized the rest of the world was out there and gained control over a vastly increased supply of largely renewable resources, and the “Discovery”, when technological progress made the vast energy storehouse of fossil fuels available for human use. The chapter ends with a consideration of three possible futures in a world of constrained resources.

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previous chapter Resource Constraints

next chapter Business Cycles Under Resource Constraints

J.R. Harris [5] provides a good narrative of how and why coal was incorporated into the ferrous-metals industry.

This incident and the basic narrative here of the Industrial Revolution draw heavily on David S. Landes [7].

Problem 20.4 looks at various aspects of the relationship between fossil-fuel use and the market for renewable resources.

Personal communication.

This is the case Robert M. Solow makes in [10].

Chapter 1 mentioned in passing some economy-related things we also care about but that escape measurement in Y or C. They might also be relevant here.

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Title: Growth Under Resource Constraints
Author: Karl Seeley
Publisher: Springer International Publishing
Book: Macroeconomics in Ecological Context
Print ISBN: 978-3-319-51755-1

Electronic ISBN: 978-3-319-51757-5

Copyright Year: 2017
DOI: https://doi.org/10.1007/978-3-319-51757-5_20