Resource title

Resources, scarcity, technology, and growth (RV of 2001/31/EPS)

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This paper reviews the history of economic growth since the industrial revolution, viewed as a positive feedback process involving resource scarcity, conversion efficiency, substitution, innovation and new applications leading to increased demand. Related notions including thermodynamic measures, exergy, power, work, the Kuznets curve, and the so-called 'rebound effect' are also discussed. The rebound effect is, in effect, the growth dynamic. Some implications for the future are discussed.

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en

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application/pdf

Resource resource URL

http://flora.insead.edu/fichiersti_wp/inseadwp2002/2002-118.pdf

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Copyright INSEAD. All rights reserved