Chapter

How Much Richer Will Future Generations Be?

Wilfred Beckerman and Joanna Pasek

in Justice, Posterity, and the Environment

Published in print May 2001 | ISBN: 9780199245086
Published online November 2003 | e-ISBN: 9780191598784 | DOI: http://dx.doi.org/10.1093/0199245088.003.0006
 How Much Richer Will Future Generations Be?

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This chapter leaves the ‘safe’ world of philosophical speculation and turns to the dangerous world of economic prediction. It outlines the economic reasons for believing that, in the very long term—i.e. abstracting from cyclical or other transitory fluctuations in economic activity—future generations will be incomparably richer than people today. Reasons are also given for believing that there will be no significant obstacles to future growth on account of popularly feared environmental developments, such as running out of ‘finite’ resources, or climate change.

Keywords: climate change; economic growth; resources; technological progress

Chapter.  8529 words. 

Subjects: Environment

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