Economy-Environment Interactions in the Long-Run

Abstract

In Chapter 7 we discussed, at some length, the concept of ignorance. Now, fore-warned of the limits of our possibilities for understanding, we can turn to modelling. While in Chapter 6 we dealt mainly with short- and medium-run aspects, in this chapter we return to the long-run development of economic activity. The conceptual basis for this long-run analysis was laid in Chapters 2 to 5. We concentrate on the temporal development of the physical limits, i.e. of the Boundary Conditions (Cl), defined in Section 6.2.1.