On May 18 the International Monetary Fund (IMF) published a report titled “How Large are Global Energy Subsidies?” The question is a bit misleading...
Articles: economic growth (88)
Democracy presupposes a citizenry capable of thinking for themselves rather than being misled by propaganda.
Rather than ask how to achieve more, it is time to ask, “More of what? And why?”
There is another obvious and plausible explanation for the flat carbon emissions, namely, that the global economy did not grow by the stated percentage, that it may have grown only a fraction of that amount or not at all.
In other words, agriculture turned destructive not because of some intrinsic flaw within larger-scale, more sophisticated cultivation. It turned destructive for the same reason mining, conflict, grazing, or governance turned destructive.
In Part 1 of this series, I talked about why cheap fuels act to create economic growth. In this post, we will look at some supporting data showing how this connection works.
How does the economy really work? In my view, there are many erroneous theories in published literature.
A steady state economy is defined by a constant population and a constant stock of physical capital.
Since about 2001, several sectors of the economy have become increasingly inefficient, in the sense that it takes more resources to produce a given output, such as 1000 barrels of oil.
It’s déjà vu all over again: another oil “supply shock.” Seems like we’ve had one every few weeks for the past few months.