End of Economic Growth

Using historical and international comparisons, this book shows that economic growth stopped improving Americans? well-being several decades ago, when average income was only about half of what it is now. At that time, economic needs were essentially satisfied for most Americans.If we try to grow indefinitely, then global warming, rising resource prices, and other ecological problems will stall growth before most of the world emerges from poverty. There will be pockets of shaky affluence in the United States, Europe, and parts of Asia. And there will be a long series of crash programs to deal with ecological degradation and to get the world economy back on track. But if economic growth ends when needs are satisfied, the world could become prosperous during the coming century, as the United States and Europe did during the twentieth century. By the end of the twenty-first century, most people in the world could have a comfortable middle-class standard of living, and we could also have abundant free time.Siegel, Charles is the author of 'End of Economic Growth', published 2006 under ISBN 9780978872809 and ISBN 0978872800.