The promise that each generation will be better off than the last is a fundamental tenet of modern society. But will future generations, particularly in advanced economies, realize such expectations?
Slowly some traditional economists are starting to wake up to the question of the future and nature of growth (see also Pisany-Ferry on this Project Syndicate). Problem is that they are illiterate as regards the impact of energy on the economy. They still fail to grasp the truth of planetary limits to growth.
See on www.project-syndicate.org