Hamsters and the Global Economy
14th May 2010
Four years on from nef's Growth isn’t Working, this new report goes one step further and tests that thesis in detail in the context of climate change and energy. It argues that indefinite global economic growth is unsustainable. Just as the laws of thermodynamics constrain the maximum efficiency of a heat engine, economic growth is constrained by the finite nature of our planet’s natural resources (biocapacity).
The full report can be downloaded for free from the NEF website here.
To view a simple cartoon explanation on our crazy consumption of natural resources and as described by nef the gross domestic product (GDP) click here to view the Impossible Hamster.