Rates of Growth, Limits to Growth and Sustainable Development

Posted: 13 Jul 2013

See all articles by Julian Morris

Julian Morris

International Center for Law and Economics; Reason Foundation; IEA, Institute of Economic Affairs, U.K.

Date Written: May 22, 2013

Abstract

This paper begins with an evaluation of the role of different institutions and different starting points on rates of economic growth. This is followed by a critique of the claim, made by pessimists at least since Tertullian, that various factors – population, affluence, technology – impose a limit on growth; evidence is presented that in many cases, increasing population, new technologies and even affluence reinforce the conditions for growth and prosperity to continue. Finally, some real problems are considered: (1) over-­abstraction of water and (2) pollution are re-­conceptualized as institutional problems best addressed through effective allocation of property rights and suitable liability rules.

Suggested Citation

Morris, Julian, Rates of Growth, Limits to Growth and Sustainable Development (May 22, 2013). Available at SSRN: https://ssrn.com/abstract=2293055

Julian Morris (Contact Author)

International Center for Law and Economics ( email )

2117 NE Oregon St. Ste 501
Portland, OR 97232
United States

HOME PAGE: http://https://laweconcenter.org/author/julianmorriss/

Reason Foundation ( email )

United States

HOME PAGE: http://www.reason.org

IEA, Institute of Economic Affairs, U.K.

2 Lord North Street
London SW1P 3LB
United Kingdom

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