Growth and Laissez-faire
How do you envision a successful economy without continuous growth?
How do you envision a successful economy without continuous growth?
Since the end of the 18th century, when Malthus wrote An Essay on the Principle of Population, there’s been controversy regarding the concept of “carrying capacity,”…
Around 30% of matriculating undergraduate college students today choose a business major, yet ‘doing business’ without knowledge of biology, ecology, and physics entirely misses first principles ~ my too long but also too short summary of the important things I wasn’t taught in business school is below.
Albert Bartlett might have been another obscure physics professor had he not put together a now famous lecture entitled "Arithmetic, Population and Energy"in 1969. The lecture begins with the line: "The greatest shortcoming of the human race is our inability to understand the exponential function."
Everything pulses, and pulses maximize the flow of power in systems. I pulsed in a big way this year.
How would a non-growing economy function?
Sometimes considered a taboo subject, the issue of population runs as an undercurrent in virtually all discussions of modern challenges.
Today’s global economy is causing shortages of natural resources (both renewable and nonrenewable) as we come to the end of what might be called the Age of Extraction.
A sustainable future remains within our grasp but – thanks to the way human brains work – only governments can implement many of the necessary strategies.
The heart of “Snake Oil” is directed at countering the optimistic projections for production of oil and gas by hydraulic fracturing (fracking).
Heinberg makes four points in the book, each of which could usefully be put on the business end of a branding iron and applied to the tender backsides of pundits and politicians alike.
Does a new extractive technology arrive before or after limits to growth in resource throughput are in place?