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Lecture

Limits of Economic Growth: Exploring Systemic Constraints

In course

HUM-226: Wellbeing and Planetary Boundaries

Ce cours approfondit les acquis d'ENV-101 pour mieux comprendre et mettre en œuvre la durabilité : comment transformer la société vers le bien-être pour tous dans les limites écologiques, avec des approches et solutions sectorielles (énergie, bâtiments, mo ...

Description

This lecture delves into the theoretical and practical limits of economic growth, examining the implications of persistent dynamical modes on civilization. Topics include the historical context of growth models, technological limitations, societal assumptions, and the interplay between economic expansion and physical constraints.

Instructors (2)

Sascha Nick

Philippe Thalmann

Philippe Thalmann was born in Lausanne in 1963. He graduated in Economics from the University of Lausanne in 1984, where he earned a postgraduate diploma in Economics in 1986. Mr. Thalmann entered the doctoral program in Economics of Harvard University (Cambridge, U.S.A.) in 1986, which he completed with a Ph.D. in 1990. His dissertation is entitled: "Essays in the Economics of Government Revenues and Spending". Returning to Switzerland, he was hired as an assistant professor first at the University of Geneva (teachings in Public Economics), then at the University of Lausanne (teachings in Econometrics and Introductory Economics). Since 1994, Mr. Thalmann is associate professor of Economics as the Swiss Federal Institute of Technology at Lausanne.

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Related concepts (22)

Civilization

A civilization (British English: civilisation) is any complex society characterized by the development of the state, social stratification, urbanization, and symbolic systems of communication beyond natural spoken language (namely, a writing system). Civilizations are additionally characterized by other features, including agriculture, architecture, infrastructure, technological advancement, taxation, regulation, and specialization of labour.

Cradle of civilization

A cradle of civilization is a location and a culture where civilization was created independent of other civilizations in other locations. The formation of urban settlements (cities) is the primary characteristic of a society that can be characterized as "civilized". Other characteristics of civilization include a sedentary non-nomadic population, monumental architecture, the existence of social classes and inequality, and the creation of a writing system for communication.

Sustainability

Sustainability is a social goal for people to co-exist on Earth over a long time. Specific definitions of this term are disputed and have varied with literature, context, and time. Experts often describe sustainability as having three dimensions (or pillars): environmental, economic, and social, and many publications emphasize the environmental dimension. In everyday use, sustainability often focuses on countering major environmental problems, including climate change, loss of biodiversity, loss of ecosystem services, land degradation, and air and water pollution.

Economic growth

Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of increase in the real and nominal gross domestic product (GDP). Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the prices of goods produced. Measurement of economic growth uses national income accounting.

Endogenous growth theory

Endogenous growth theory holds that economic growth is primarily the result of endogenous and not external forces. Endogenous growth theory holds that investment in human capital, innovation, and knowledge are significant contributors to economic growth. The theory also focuses on positive externalities and spillover effects of a knowledge-based economy which will lead to economic development. The endogenous growth theory primarily holds that the long run growth rate of an economy depends on policy measures.

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