CHAPTER SIXTEENGlobal economic growth in the Earth system
1. Introduction
This chapter explores economic growth. We approach growth primarily as a physical and biological phenomenon, with growth of economic value only playing a secondary role. In doing so, we tackle one of the most challenging economic issues of our times: So far, growth of economic value goes along with serious damage to the biosphere and future generations of humans. However, we do not share the position of many ecological economists of discarding GDP as a measure of economic activity1: GDP does measure an important aspect of growth as mediated and enacted by markets, that is, what is valued in the second-person view. Overall, we must strike ...
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