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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:
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 nine books and is widely regarded as one of the world's most effective communicators of the urgent need to transition away from fossil fuels. With a wry, unflinching approach based on facts and realism, he exposes the tenuousness of our current way of life and offers a vision for a truly sustainable future.
Senior Fellow-in-Residence at Post Carbon Institute in California, Heinberg is best known as a leading educator on Peak Oil and its impacts. His expertise, publications and teachings also cover other critical issues including the current economic crisis, food and agriculture, community resilience, and global climate change.