The realization is gradually spreading that GDP growth can’t continue forever. This reality is causing societal angst and discomfort.
Articles: GDP (16)
Paul Krugman often writes sensibly and cogently about economic policy. But like many economists, he can become incoherent on the subject of growth.
Steven Kopits, Managing Director, Douglas-Westwood talks peak oil and oil markets.
The planet’s ability to provide useful materials and absorb wastes (its biocapacity) is deemed essential to sustain human life. Yet consumption of those useful materials (our ecological footprint) per person is rising at an alarming and unsustainable rate.
It’s a cruel irony for the 300,000 West Virginians forced to turn off their taps for five to ten days... will count as a plus according to...GDP.
The economy of Italy seem to be declining as a consequence of the increasing cost (or - equivalently - declining energy returns, EROEI) of primary energy sources, mainly natural gas and crude oil.
Italy' peak oil has arrived: we are back to 1967 in terms of oil consumption.
In a recent speech to the International Monetary Fund economist Larry Summers argued that since near zero interest rates have not stimulated GDP growth sufficiently to reach full employment, we probably need a negative interest rate.
The central point of economic policy is maintaining or increasing economic growth...Do you think it’s a realistic approach? An interview with Richard Heinberg for the Polish site Dziennik Opinii.
Tis the season for gift giving, and if mainstream economists are right, then the best possible gifts are the ones that contribute the most to economic growth.