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Revisiting the Image of Limited Good

On Sustainability, Thermodynamics, and the Illusion of Creating Wealth

Bibliographic Data

ID2224281
AuthorsPaul Trawick, A Hornborg (0000-0003-2102-5875)
Year2015
Volume56
Issue1
Pages1-27
Publication date2015-02-01
Peer ReviewedYes
Open AccessNo
TypeARTICLE
VenueCurrent Anthropology (JOURNAL)
Journal identifiersISSN: 0011-3204 • E-ISSN: 1537-5382
PublisherUniversity of Chicago Press (PUBLISHER • US)
DOI10.1086/679593
OpenAlexW1965557693
LanguageEN
Citations received12
References cited78

Two worldviews are now contending for cultural dominance: the open-system model long promoted by economists, here called the "image of unlimited good," and a more traditional closed-system view, Foster's "image of limited good," still widely found among peasant societies today. The former rests on the assumption that people "create" wealth, an illusion that conflates the properties of wealth's real and virtual forms while ignoring the economy's extreme reliance on fossil fuels and other nonrenewable resources. The laws of thermodynamics dictate that as "growth" occurs in such a system, it fundamentally destroys; thus the net sum cannot be positive, and the system is not expanding but steadily running down. The latter rests on the assumption that most of the "goods" valued by people in life are scarce, being derived from finite raw materials through the expenditure of human labor and extrasomatic energy. Such goods are therefore "subtractable," their limited supply forming a commons that must somehow be shared. Based on an ethnological argument centering on the successful management of scarce water for irrigation, a shift toward the closed-system worldview is shown to be necessary if people are to act collectively to limit their expanding consumption, a change already widely underway, particularly in the global South

Argument (complex analysis · Boom · Commons · Dominance (genetics · Economic system · Economics · Illusion · Microeconomics · Natural resource economics · Neoclassical economics · Peasant · Political science · Sociology · Law · Water Governance and Infrastructure · Water resources management and optimization · Water-Energy-Food Nexus Studies

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Unique citing works12
Citations per year1,2
Citation span2016 - 2026 (11)
Citation velocitycurrent
Highly citedNo
Citation typesNeutral: 12
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