Proceedings of the New York State Economics Association


Too Many Cliffs

Kent A. Klitgaard

vol. 6, October 2013, p. 88-98


The U.S. economy is currently been mired in stagnation. Different schools of economic thought have different visions of the economy, different explanations for the crisis, and different policies to rectify the problems. The result is policy impasse, sometimes referred to as "The Fiscal Cliff." What are missing are theories of the limits to growth. This paper looks beyond the "Fiscal Cliff" to economic problems that will occur as the age of economic growth ends: specifically a "Net Energy Cliff" and a "Climate Cliff." Solutions to the fiscal and energy cliffs could make the climate cliff far more difficult to transcend.


suggested citation:

Kent A. Klitgaard. "Too Many Cliffs ." Proceedings of the New York State Economics Association. vol. 6, October 2013, p. 88-98

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