Book review: “Energy and the Wealth of Nations”

When our society relies on an understanding of economics that did not predict, prevent, or mitigate the current economic crisis, and that, more importantly, does not effectively address climate change or resource depletion, it is time for a new and different approach to understanding the economy. That premise is the foundation of Energy and the Wealth of Nations, an important book by ecologist Charles Hall and economist Kent Klitgaard, who together are pioneering the new discipline of biophysical economics.

The bicycle: a vehicle of Transition?

The bicycle is a perfect example of the permaculture principle that everything should have multiple functions. And as permaculture is one of the key cornerstones of the Transition movement, I think this qualifies bikes as a brilliant thing for a Transition Initiative to get involved in. Let me elaborate.

Renewable Ignorance

A massive transfer of knowledge each generation is an unavoidable necessity. This transfer is not automatic. It requires two decisions. The old must decide what knowledge is worth their effort to teach, and the young must decide what is worth their effort to learn. Some knowledge passes both filters and becomes the basis for guiding the future and for discovering new knowledge. Other knowledge fails to pass one or both filters and is lost. Just as the world is always only one failed harvest away from mass hunger, so it is always only one failed generational transfer away from mass ignorance.

Everything is bullish (in its own way)

My apologies to Ray Stevens, writer of the 1970s hit “Everything Is Beautiful,” the lyrics and title of which I’ve morphed into the title of this piece. But with that I note the perpetual bullishness of the financial industry in the face of what is really an ongoing debt deflation. Every incident, every turn of events is summarized by the industry as a “bullish development.”