ENV100H1 Lecture Notes - Lecture 9: Planetary Boundaries, Ocean Acidification, Macroeconomics

• School: UTSG
• Department: School of Environment
• Course: ENV100H1
• Professor: Simon Appolloni

Document Summary

Story time: the exploration of alternative economic futures dr. peter a. victor. The stories we are told about our economy are fundamentally important. The economy that we have and the opportunities that they provide are set. The view that there is no alternative is famous (margret thatcher) Progress has come to be defined as economic growth the idea of progress has narrowed -> the things we can produce/consume. O(cid:271)ert gordo(cid:374)(cid:859)s 6 head(cid:449)i(cid:374)ds lo(cid:449)i(cid:374)g e(cid:272)o(cid:374)o(cid:373)i(cid:272) gro(cid:449)th i(cid:374) the u a: the rise and fall of american growth, talks about a series of headwinds which are slowing the economic growth in the usa, canada and other countries. Demography rapid population growth -> increased output in economy therefore economic growth. Education we have extended the period in which people are in education. Inequality the rise in inequality in the usa -> holding back increases in productivity and economic growth. Repaying debt constraint on economic growth.