Breaking New Ground in Economic Theory

Professor Steve Keen may be the first mainstream economist to address a fatal flaw in economic theory: omitting or minimizing the role of energy. Keen has developed a production formula incorporating energy, not as one factor of production along with capital and labor, but as the indispensable flow activating both.

The Paris Climate Agreement: Should We Stay or Should We Go? Update

Predictably there’s been a lot written over the last few weeks about the Paris Climate Agreement and whether the Trump administration will continue to sit with other nations. Driving the coverage is the on-again off-again meeting between Trump and a pack of senior advisors. The ultimate decision will remain for The Donald to make–purportedly after the G-7 summit at the end of May.

Martin Shaw on Imagination: “I would describe it as ‘ripe for invasion’”

When we look at some of the big political moves on either side of the Atlantic in the last few years, actually one of the things we’re seeing is a yearning for story. When we are really impoverished, we will take a big lie with a little bit of truth in it, rather than nothing at all.

Water and Climate Safety, Finance Security, Drive Keystone XL Conflict

This year, following the president’s actions, opponents and supporters in Nebraska are preparing for the second round of a momentous confrontation over the Keystone XL pipeline. Montana and South Dakota already have approved construction. The Nebraska Public Service Commission, though, has not.