Economic growth-meritorious or meretricious: A review of social limits to growth

V. Kerry Smith

Research output: Contribution to journalArticle

Abstract

The recent literature on economic growth has seen a reemergence of the questioning of the value of economic growth. Prominent among this new literature is a set of contributions which seek to evaluate the social implications of the pattern of economic growth. The purpose of this paper is to review an important component of this literature-Hirsch's recent book Social Limits to Growth. The central arguments of Hirsch's analysis are evaluated from a general perspective and compared to the balance of the literature. All of the recent additions in this area seem to question the role of markets and values derived based on consumer sovereignty to establish the end results of economic activity and to evaluate the alternative possible resource allocations to obtain them.

Original languageEnglish (US)
Pages (from-to)61-65
Number of pages5
JournalSocio-Economic Planning Sciences
Volume12
Issue number2
DOIs
StatePublished - 1978

ASJC Scopus subject areas

  • Geography, Planning and Development
  • Economics and Econometrics
  • Strategy and Management
  • Statistics, Probability and Uncertainty
  • Management Science and Operations Research

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