This is worth a read, but I wonder if there is something missing from the argument. Namely, how much more of the natural resources of the world should we continue to consume at the expense of future generations. I would argue that the moral imperative should outweigh the economic arguments. Furthermore, consumption does not have to linearly relate to economic growth. Sustainable business practices can yield economic growth and slow consumption patterns.
Here's the link:
http://www.nytimes.com/2007/02/21/business/21leonhardt.html?ex=1329714000&en=19a3fa1a7bf060b5&ei=5089&partner=rssyahoo&emc=rss
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