Consumption: Value Added, Physical Transformation, and Welfare
Author(s)
Daly, Herman E.
Abstract
Resource consumption is inherently limited by the extent of the earth’s ecosystem, a limit that we are fast approaching. Total consumption, which is the product of population and per capita consumption, can be limited or reduced by controlling either of these factors. While the South needs to focus more on population, the North should focus on per capita consumption. This article reconsiders the meaning of consumption.
