Economic Growth

Question 1

Treadmill of Production

Answer 1

This argues pursuit of economic growth through industrialization/technological innovation is the primary cause of social inequality and ecological degradation.

Question 2

Arguements for Capitalism dependence on economic growth:

Answer 2

Drive to accumulate profit, with output maximising = climate of innovation and economic expansion

Question 3

Carbon Lock-in

Answer 3

The idea industrial economies ar elocked into fossil fuel energy systems by technological and institutional co-evolution

Question 4

Carbon Lock-in consequence:

Answer 4

Persistent market and policy failures inhibiting diffusion of carbon-saving technologies.

Question 5

Examples of rational policies in face of CC:

Answer 5

Removing perverse subsidies and internalised externalities from fossil fuels, yet governments exacerbate said issues through subsidies and instituional policy.

Question 6

How technology becomes institutionalised?

Answer 6

Positive feedbacks embedding in private/public institutions, locking out alternatives.