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2018 | OriginalPaper | Buchkapitel

4. Rethinking Growth

verfasst von : Robert Guttmann

Erschienen in: Eco-Capitalism

Verlag: Springer International Publishing

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Abstract

Climate change has intensified in recent decades thanks to a global growth pattern whereby a large chunk of the world’s population was brought into the world economy for the first time as a result of which greenhouse gas emissions have accelerated greatly. This pattern faced a systemic crisis in the late 2000s and early 2010s which has left the world economy mired in a state of secular stagnation. The kind of investment boom associated with the needed transition to a low-carbon economy may thus provide a welcome boost, the slow-growth biases of environmental economists notwithstanding. This question of “green” growth also points to the biases and limitations of standard growth models as well as recent efforts by heterodox macroeconomists to bring nature and environmental preservation back into (a new generation of) growth models.

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Titel: Rethinking Growth
verfasst von: Robert Guttmann
Verlag: Springer International Publishing
Buch: Eco-Capitalism
Print ISBN: 978-3-319-92356-7

Electronic ISBN: 978-3-319-92357-4

Copyright-Jahr: 2018
DOI: https://doi.org/10.1007/978-3-319-92357-4_4

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