Published work on scarcity and growth in the 2005 book, "Scarcity and Growth
Revisited: Natural Resources and the Environment in the New Millennium", shows that there is no clear indication that scarcity in nonmarket-traded resources such as
environmental services is affecting economic growth.

Question

Published work on scarcity and growth in the 2005 book, "Scarcity and Growth
 Revisited: Natural Resources and the Environment in the New Millennium", shows that there is no clear indication that scarcity in nonmarket-traded resources such as
 environmental services is affecting economic growth.

Quizplus · Accepted Answer

The book "Scarcity and Growth Revisited: Natural Resources and the Environment in the New Millennium" explores the complex relationship between natural resource scarcity, including nonmarket-traded resources like environmental services, and economic growth. It revisits the debate on whether scarcity of natural resources will limit economic growth, suggesting that scarcity, including that of environmental services, can indeed have significant impacts on economic growth through various mechanisms such as increased costs, the need for adaptation, and the potential for innovation in response to scarcity.

Published Work on Scarcity and Growth in the 2005 Book