The inefficient resource use at a time of growing demand is leading to increasing environmental pressure and resources scarcity that will affect Europe and other parts of the world over the next years and decades. Prices for global commodities like oil, raw materials and wheat have been...

Most concepts of environmental policy do not consider adequately the complexity of nature and society. While neoclassical economics seems to fall into the trap of steering illusion, evolutionary economic concepts that consider societal complexity are too optimistic about the favours of...

This paper reports on an Austrian research project that deals with the question how the Austrian society could cope with long-lasting low economic growth. Various causes of low-growth that are relevant for Austria (a deteriorating balance of trade, increasing resource prices, consumer restraint...