The Poison Beer of GDP - Herman Daly Disaggregating the reported growth of GDP to reveal the differences in growth by income class, as per the Schumer- Heinrich U.S. Bill, is a good idea. After all, telling us, say, that average income grew by 4% is not nearly as informative as telling us … [Read more...]
Summary of The Great Transformation by Karl Polanyi
Summary of The Great Transformation by Karl Polanyi - Asad Zaman Ever since the spectacular failure of modern economic theory became obvious to all in the Global Financial Crisis, the search for alternative ways of organizing our economic affairs has intensified. Almost all of the alternatives … [Read more...]
Richard Feynman on the limitations of mathematics
Richard Feynman on the limitations of mathematics - Lars Syll In a recent comment to me, Jorge Buzaglo wrote this truly interesting comment. Nobel Prize winner (for physics) Richard Feynman on the use of mathematics: “Mathematicians, or people who have very mathematical minds, are often led … [Read more...]
What energy source will most cheaply fulfil the world’s energy demand in the next fifty years?
What energy source will most cheaply fulfil the world’s energy demand in the next fifty years? - Mark Diesendorf Fifty years from now there may be new technologies which are unpredictable. However, based on existing technologies, electricity almost certainly will be supplied by a mix of … [Read more...]
