Limits to Growth Thesis? | Yahoo Answers
Resource constraints will, at best, increase energy and commodity prices over the next century and, at worse, trigger a long term decline in the global economy and civil unrest. As resource constraints raise the possibility of a limit to economic growth over the medium term, actuaries should urgently seek to understand the implications of this for their advice, assumptions and models.
The Limits to Growth - Wikipedia
The message of this book still holds today: The earth’s interlocking resources – the global system of nature in which we all live – probably cannot support present rates of economic and population growth much beyond the year 2100, if that long, even with advanced technology. In the summer of 1970, an international team of researchers at the Massachusetts Institute of Technology began a study of the implications of continued worldwide growth. They examined the five basic factors that determine and, in their interactions, ultimately limit growth on this planet-population increase, agricultural production, nonrenewable resource depletion, industrial output, and pollution generation. The MIT team fed data on these five factors into a global computer model and then tested the behavior of the model under several sets of assumptions to determine alternative patterns for mankind’s future. The Limits to Growth is the nontechnical report of their findings. The book contains a message of hope, as well: Man can create a society in which he can live indefinitely on earth if he imposes limits on himself and his production of material goods to achieve a state of global equilibrium with population and production in carefully selected balance.
In a I talked about why we may be reaching Limits to Growth of the type foretold in the 1972 book . I would like to explain some additional reasons now.