nef launches new report with impossible hampster animation

The New Economics Foundation: Growth isn’t Working (PDF HERE)

 

Growth isn't Possible

Why rich countries need a new economic direction


Four years on from nef's Growth isn’t Working, this new report (PDF HERE) goes one step further and tests that thesis in detail in the context of climate change and energy. It argues that indefinite global economic growth is unsustainable. Just as the laws of thermodynamics constrain the maximum efficiency of a heat engine, economic growth is constrained by the finite nature of our planet’s natural resources (biocapacity).