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Critical points

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Many economists, politicians and industrialists roundly condemned the report, arguing that it was unbalanced, irresponsible and, when its predictions failed to materialize, just plain wrong. The modelling was largely devoid of political and social variables and was therefore just a partial account of reality. The researchers later accepted that some of the criticisms were justified. The method used focused on physical limits and assumed existing rates of economic growth and technological innovation, but this did not take account of the capacity of human beings to respond to environmental challenges. For example, market forces could be made to work to limit the over-exploitation of resources. If a mineral such as magnesium starts to become scarce, its price will rise. As its price rises it will be used less, and producers might even find alternatives should costs rise too steeply. Limits was seen by many as yet another overly pessimistic, catastrophist tract that engaged in unreliable ‘futurology’ – predicting the future from current trends.

Sociology

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