Economic growth--the essence of sustainable development.

Reason | January 1, 2004| | Copyright

Thirty years ago, a group of academics known as the Club of Rome put forth the "limits to growth" theory, predicting disaster for humankind unless natural resource--depleting economic and technological progress were abandoned. This gloom-and-doom theory has been resurrected under the guise of sustainable development, calling for changes in virtually every aspect of our consumption and production.

"Sustainability," a seductive though vague term, argues that resource use today should leave future generations at least as well off as current generations. Of course nobody ...

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