The Economics of Sustainable Growth
In This Chapter
• The determinants of sustainable economic growth
• Oil and sustainable energy sources
• Education and innovation as drivers of growth
• Problems of sustainability in the U.S. economy
Back in the 1960s and 1970s, when most people became aware that ecosystems can be fragile and fossil fuels generate pollution, one popular bumper sticker said, “Ecology: The Last Fad.”
Since then, concerns about ecology have morphed from fad status into serious concerns about which practices of businesses and households are sustainable and which are not. Even setting aside concerns about the long- and short-term effects of pollution, reliance on fossil fuels is clearly not sustainable given that ...