By Max Kummerow For hundreds of years, economists have debated whether population growth is good or bad. Malthus said exponential population growth increases labor supply, so wages fall until starvation, war, or plague stops growth in numbers. Marx said capitalism causes poverty and hunger, so population growth is good, because “every stomach is born with […]
by Brian Czech Myth #1. It’s economic. To be economic, something has to be worth more than it costs. Economic activity, per se, is more beneficial than detrimental. Technically speaking, “marginal utility is greater than marginal disutility.” If you liked a rug, but liked your grandkids more, it wouldn’t be smart to grab the rug […]
Thermodynamics in Economics: Revolutionary portent, future history by Eric Zencey Ecological Economics represents the extension into economics of the thermodynamic revolution of the nineteenth and twentieth centuries. In physics, that revolution dethroned Newton and brought relativity. In biology, it was midwife to the birth of ecology, the study of ecosystems as wholes in which energy networks—food […]
by Brent Blackwelder A renewable energy revolution is sweeping the planet. This revolution has profound implications because it signals that the global economy is moving to stop the growth of our human carbon footprint. The global economy has run for a century primarily on fossil fuels but is now undergoing a rapid transition to a global […]
The age of extraction is ending. We need a true cost economy that can meet people’s needs without undermining planetary life-support systems.
An interview with a refreshingly astute politician: Andrew Weaver, climate scientist and first Green member of British Columbia’s legislature.
Howard Odum’s conception of a “pulse” offers some food for thought about how to establish of a steady state economy.
Just how efficient are are market prices when they put the future of all species, including humans, at risk?
A new book exposes the delusion of endless growth with a clear look at how humanity uses and misuses energy resources.
Protestors have a visceral grasp on the fact that the economy has been engineered for ecological and financial ruin.