In “Supply Shock: Economic Growth at the Crossroads and the Steady State Solution,” Brian Czech, a visiting professor of natural resource economics in the National Capital Region, debunks the widely accepted myths held by politicians, economists, and Wall Street that unlimited economic expansion is the Holy Grail and that there is no conflict between growing the economy and protecting the environment. We are in fact navigating the end of the era of economic growth, Czech concludes, and the only sustainable alternative is developing a steady state economy.

“Supply Shock” leaves no doubt that the biggest idea of the 20th century — economic growth — has become the biggest problem of the 21st. This landmark work lays a solid foundation for a new economic model, perhaps in time for preventing global catastrophes and certainly in time for lessening the damages.

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