Monday, September 10, 2018

On the thermodynamic origins of economic wealth

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What are the origins of wealth? Economics textbooks describe wealth as an accumulation of all financially valuable resources. It is our ...
7 comments:
Friday, August 17, 2018

The global economy, heat engines, and economic collapse

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British Petroleum provides some pretty nice tools for visualizing energy consumption like the figure above which drives home effectivel...
15 comments:
Wednesday, August 1, 2018

Is macroeconomics a science?

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Macroeconomics can get a pretty bad rap at times , perhaps unfairly. Some of its practitioners are so politically influential on such famil...
2 comments:
Saturday, July 28, 2018

George Orwell on the metabolism of the industrial world

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When discussing biophysical economics -- the idea that the human economy can be treated like any other biological organism that grows subje...
1 comment:
Monday, July 2, 2018

Are renewables our salvation?

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A past article  in the New York Times by climate and energy writer  Brad Plumer  cast a ray of hope on the shadow that was cast by Donald T...
4 comments:
Monday, June 18, 2018

Is brain thermodynamics the link between economics and physics?

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I've argued that the accumulated wealth of civilization is fundamentally linked to its total rate of energy consumption through a con...
1 comment:
Wednesday, June 6, 2018

On the exponential growth, decay and collapse of civilization

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Last week I had the fortune of seeing Rogers and Hammerstein's Carousel during a short trip with my wife to New York City. It's a ...
1 comment: