“A mad hatter's tea party” is the way one reporter describe the October 1975 Limits to Growth Conference. In his view something thoroughly silly was going on at that meeting in Houston. But, as in Alice in Wonderland, whatever nonsense there may have been on the surface, profound matters were the true subject of the conference. Some day that reporter may wake up and wonder how he failed to see the significance of the debate over growth. By that time we could be firmly in the clutches of no‐growth policies.