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The Bubble Economy

Is Sustainable Growth Possible?
in: Economics
Summary:

The book examines the unsustainable nature of the current economic system, which is heavily reliant on finite resources and credit expansion, leading to recurring financial bubbles. It explores the possibility of transitioning to a more sustainable growth model by addressing environmental constraints and advocating for systemic economic reforms.

Key points:

1. Bubble Economy: Ayres describes an economy inflated by unsustainable practices like overusing resources and relying on fossil fuels, which is prone to collapse.

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