Implications of Unmeasurable Capital

I was very struck by a piece by Steve Randy Waldmann at Interfluidity yesterday, entitled Capital Can’t be Measured.  He is basically arguing that modern financial institutions are sufficiently complex that the concept of their “capital” is subject to measurement errors of the same order of magnitude as the capital itself.  This rang true to me, and put into words something that had nagged at me in reading about financial reforms, but had not come clearly to the surface of mind.

The Meaning of Wood Heating: In their own words

Most of the participants in this case study reported that wood energy provides a “deeper experience” that enhances quality of life and possibilities for learning. Using wood energy results in a number of personal benefits that offer some insight into requirements for generating wider citizen interest in energy sustainability.

A teacher openly crusades for better school food—and gets seared

Mendy Heaps, a stellar English teacher for years, had never given much thought to the food her seventh-graders were eating. Then her husband, after years of eating junk food, was diagnosed with cancer, diabetes ,and high blood pressure and suddenly the french fries, pizza and ice cream being served in the cafeteria at rural Elizabeth Middle School outside Denver, Col., took on a whole new meaning.

Solar greenhouses, Chinese-style

In Europe and North America, eating fresh perishable produce out of season usually means hauling it in refrigerated containers from regions where it’s in season, or growing it locally in heated greenhouses…Although these greenhouses boast extremely high yields, the amount of fuel needed to heat them generally far exceeds the amount that would be needed to haul an equivalent amount of produce from a region where it’s in season.

Stunner: Nature’s review of 20 years of field studies finds soils emitting more C02 as planet warms

One of the single greatest concerns of climate scientists is that human-caused warming will cause amplifying feedbacks in the carbon-cycle. Such positive feedbacks, whereby an initial warming releases carbon into the air that causes more warming, would increase both the speed and scale of climate change, greatly complicating both mitigation and adaptation.