Media coverage of the loss of the Titan submersible last week turned the world’s attention to the oceans—that vast, mysterious realm that sits below the surface of our landlocked consciousness. Two factoids in the coverage caught my attention.
The first, emerging from chatter about the extent of the search effort, is that international law requires vessels to respond to an at-sea distress call if they are able to,
Throughout the month of June, many Americans frantically refreshed the Supreme Court’s website each morning, as immensely important cases appeared on the docket in rapid succession. It turned out to be a disorienting month. The freedom to get an abortion was stripped from 40 million people of reproductive age, gun control efforts were stymied, and the separation of church and state in public schools was weakened.
Being a 21-year-old college student, I eagerly awaited the arrival of Harry Styles’ third album for several months. When Harry’s House finally dropped on May 20, I wasn’t disappointed. The modern pop album was brimming with soft summer vibes and the dreamy influence of Fleetwood Mac. What’s not to love?
Well, The Washington Post’s Allison Stewart found many things she didn’t love,
I’m an old guy. Not ancient, perhaps, but my 61-year old knees alone would put me in the lower decile of…let’s say freshness. Why, my best days are so far back, you’d need a rearview mirror from the Giant Magellan Telescope to spot one!
As if that weren’t bad enough, I’m a white guy. I might feel black and blue sometimes from fighting the forces of GDP growth,
The stock market took a dip, so the Fed will likely continue to keep the interest rate at zero, in conformity with its goal of supporting asset prices by quantitative easing. What is wrong with a zero interest rate? Doesn’t it boost investment, growth, and employment?
There are many things wrong with a zero interest rate. Remember that the interest rate is a price paid to savers by borrowing investors.
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 webs—are a defining structure. In chemistry the laws of thermodynamics brought clarity and rigor to a science that struggled to bring theoretical unity to diverse phenomena.
Ecological Economics and its corollary, steady-state economic thinking, represent a step forward for the discipline of economics and also a return to how it was practiced in the past. In the nineteenth century, economics was a part of a larger enterprise: political economy, the integrated treatment of morals and economics, ultimate ends and efficient means. Late in that century economics calved off from political economy, leaving behind political science and political philosophy as the residuum.
Brian Czech responds to Paul Krugman’s shockingly weak column, which argues against the limits to growth with the example of slow steaming.
On our full-world planet, we face an urgent challenge to find strategic points in decision-making processes to encourage “right-sized” consumption.
It’s rare to find a Wall Street Journal columnist (and a Ronald Reagan appointee) calling for a steady-state economy.