Toward a New Iron Age?
Gordon, Robert B. / Koopmans, Tjalling C. / Nordhaus, William D. / Skinner, Brian J.
Experts agree that the earth will eventually run out of certain low-cost, nonrenewable resources, possibly as early as a century from now. Will the transition to reliance on other, more abundant resources be smooth or discontinuous? Might industrial societies experience a marked decline in living standards--a radically different kind of society from the one we now know? Geologists maintain that once inexpensive high-grade resources are exhaust...