Working Paper, University of Utah, Department of Economics 2007-05
The first part of this paper discusses the depletion of fossil fuels and the likely effects of various renewable energies and the nuclear energy on the future energy supply. The second part discusses the limits to improvement in energy efficiency. The third part discusses the depletion of other resources and the constraints imposed on economic growth. The fourth part relates the limits to growth to Marxs hypothesis on the law of the tendency for the rate of profit to fall. It can be established that if the growth rate falls towards zero, then either the profit rate or the net investment has to fall towards zero. The last part concludes the paper, seeing the coming crisis as the expression of the conflict between the productive forces and the existing relations of production and discussing the historical constraints and possibilities for the post-capitalist society.