Limits to Growth: Depletable Resources

Description

This lecture explores the concept of continued growth with finite resources, as discussed by the Club of Rome in 1972. It delves into the extraction trends of essential minerals, the role of backstop technology in resource management, and the impact of rising prices on resource depletion. The instructor also examines the distribution of oil reserves, the relationship between resource exploration and GDP growth, and the historical trends in crude oil production and prices. The lecture concludes by addressing the challenges and uncertainties surrounding the future of economic growth in the context of depletable resources.

Official source

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Post-growth is a stance on economic growth concerning the limits-to-growth dilemma — recognition that, on a planet of finite material resources, extractive economies and populations cannot grow infinitely. The term "post-growth" acknowledges that economic growth can generate beneficial effects up to a point, but beyond that point (cited as $25,000 GDP/capita by Richard Wilkinson and Kate Pickett in their book The Spirit Level) it is necessary to look for other indicators and techniques to increase human wellbeing.

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