How increased inefficiency explains falling oil prices
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.
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.
But another reason oil prices have slid so much is weakness in demand for the product, which may be related to a slowdown of overall world economic growth.
Is it not also time for a government commission on post-growth economics?
The other disheartening part of the story of the environment concerns the things we put back into it and the impact they have on the ecosystems that support all of life, ours included.
The world economy is slowing down and the authorities are fretting.
If you’re a Huffington Post reader, your love of animals has been nurtured by “Hedgehogs Being Adorable,” “Baby Hippo Has Won Our Hearts,” and other such gems.
The introduction just of oil supply and carbon emissions into the liberal field of view pretty much undoes the main story told by mainstream Democrats today.
[I]nternational media, governments and the United Nations enthusiastically welcomed a new report entitled “Better Growth, Better Climate” and trumpeted its central message around the globe: that economic growth and tackling climate change can go hand in hand….
In this installment I’m going to talk about Paul Krugman’s resistance to whole-system thinking, and I’m going to do it by way of a comparison to a very different intellectual dispensation…
Because of its emphasis on liberty, autonomy, free will, and consent, the Enlightenment tradition of Liberalism has, I will be arguing, in large part been based on the rejection of whole-system thinking.
Fresh thinking is difficult to perform and is often poorly received, but is not without some pleasures as well.