Social limits to growth
Book • 1976
In 'Social Limits to Growth', Fred Hirsch argues that the causes of the impasse in economic growth are essentially social rather than physical.
He connects various factors such as alienation at work, deteriorating cities, inflation, and unemployment to the concept of social scarcity.
Hirsch explains how material affluence leads to new forms of scarcity, particularly in the 'positional economy' where goods and services are valued for their relative status rather than absolute utility.
The book is divided into parts that explore the neglected realm of social scarcity, the commercialization bias, and the depleting moral legacy of economic growth, concluding with policy inferences.
He connects various factors such as alienation at work, deteriorating cities, inflation, and unemployment to the concept of social scarcity.
Hirsch explains how material affluence leads to new forms of scarcity, particularly in the 'positional economy' where goods and services are valued for their relative status rather than absolute utility.
The book is divided into parts that explore the neglected realm of social scarcity, the commercialization bias, and the depleting moral legacy of economic growth, concluding with policy inferences.
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