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Russia is in some ways like a heavily armed, suicidal old man, who can no longer earn an adequate living. The economic system of Russia is no longer working as it should. Russia is incredibly wel...
https://ourfiniteworld.com/2022/03/28/no-one-will-win-in-the-russia-ukraine-conflict/
It takes energy to accomplish any of the activities that we associate with GDP. It takes energy to grow food: human energy, solar energy, and–in today’s world–the many types of energy used ...
It seems to me that the situation in China is far different from what most people think it is. Even if we would like to depend on China, we really cannot. Reason 1. When we depend on goods from C...
Why is it so difficult to make accurate long-term economic forecasts for the world economy? There are many separate countries involved, each with a self-organizing economy made up of businesses, ...
https://ourfiniteworld.com/2018/07/11/the-worlds-weird-self-organizing-economy/
BP recently published energy data through December 31, 2017, in its Statistical Review of World Energy 2018. The following are a few points we observe, looking at the data: The world is making...
https://ourfiniteworld.com/2018/06/22/eight-insights-based-on-december-2017-energy-data/
(This post consists of a short overview article I recently wrote for Transform, a magazine for Environment and Sustainability Professionals, plus six related Questions and Answers.) Reading many...
https://ourfiniteworld.com/2018/05/30/our-energy-problem-is-a-quantity-problem/
Economists, including Ben Bernanke, give all kinds of reasons for the Great Depression of the 1930s. But what if the real reason for the Great Depression was an energy crisis? When I put together...
https://ourfiniteworld.com/2017/12/19/the-depression-of-the-1930s-was-an-energy-crisis/
Recently, a Spanish group called “Ecologists in Action” asked me to give them a presentation on what kind of financial crisis we should expect. They wanted to know when it would be and how it...
https://ourfiniteworld.com/2017/07/02/the-next-financial-crisis-is-not-far-away/
What really causes falling productivity growth? The answer seems to be very much energy-related. Human labor by itself does not cause productivity growth. It is human labor, leveraged by various ...
Economists have put together models of how an economy works, but these models were developed years ago, when the world economy was far from limits. These models may have been reasonably adequate ...