The thesis of this monograph is that economic
growth as a major national goal is a comparatively new phenomenon which must, of
its nature, be extremely transient; it must give way to more permanent,
substantial, and preferably morally sounder goals.
Past economic growth per head has not been nearly as great as is often thought
and – even if environmental resources were infinite – further increments cannot
continue to be expected much longer because of inherent constraints within
socioeconomic systems.
It is further argued that removing economic growth from the apex of our pyramid
of social goals will leave a painful void and compel a salutary reappraisal of
our value system. Some suggestions are put forward for consideration and a way
forward is advocated.