ABSTRACT

Chapter 7 reviews and discusses the results of this book. Starting from the Limits to Growth framework it evaluates the reason why models built based on the same principles should be built today. It shows the importance of Stock and Flow Consistency for the modelling of financial systems to improve communication with policy makers, and provides a review of the elements of ERRE that can provide value to other mainstream economic and ecological modelling methods. This is supported by the recognition of those economic schools of thought that overlap with the ERRE model. Limitations on the study of short-term shocks are presented, and conclusions on the long-term global stress testing of world limits are provided. Finally, it provides reflections on the ERRE modelling process, estimating the type of skills and efforts involved in updating and improving the model for future use.