An economic crisis affords an opportunity to put the economy of the rich countries on a different trajectory as regards material and energy fows. Now is the time in those countries for a socio-ecological transition to lower levels of energy and materials use. The crisis might also give an opportunity for a restructuring of social institutions. The objective in rich countries should be to live well without the imperative of economic growth.
|Journal||Economic and Political Weekly|
|Publication status||Published - 29 Nov 2008|