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Category Archives: Green Economy
There is No Wealth But Life
Finally, in a move that became inevitable once bogus methods of valuing nature were invented by economists with the very same mental framework that produced sub-prime lending and credit-default swaps, a price has been put on the natural beauty of …
The Role of Religious Congregations in Promoting a Steady State Economy
Proponents of a steady state economy could get a boost from religious congregations. Very thoughtful and insightful people are now writing about the urgent need to transition to a steady state economy. However, good ideas from deep thinkers in this …
Mountebank Wins Nobel for Infinite Planet Theory
Few people have read the dense volumes published by the economist Milton Mountebank, but his work has affected you, me and every single person on the planet. Dr. Mountebank has revolutionized economic thought, and now he has been recognized for …
Two Schools and the Path to the Steady State
All of economics is divided into two schools: steady state theory and infinite planet theory. They can’t both be right. You’d think the choice between them would be obvious, but infinite planet theory still holds sway in classrooms and in …
Sustainable Growth Excludes Fossil Fuels
Sustainable economic growth is utterly impossible as long as oil, coal and natural gas provide nearly 88 percent of the world’s energy needs. According to EIA (the US Energy Information Administration), total world consumption of marketed energy will increase by …
Growthism
I have just finished teaching a course to my peers at the Harvard Institute of Learning in Retirement. My teaching brackets two widely separated age groups: my 70-80 year-old peers at HILR and the 25-year olds that typify my students …
Not Production, Not Consumption, but Transformation
Well-established words can be misleading. In economics “production and consumption” are such common terms that it is easy to forget that they do not really mean what they literally say. Physically we do not produce anything; we just use energy …
Age of Austeria
A recent FT article gloating about the ‘resilience’ of corporate earnings in what we are misguidedly calling ‘the age of austerity’ is the final straw. In all plethora of abbreviations we have been using in discussing the financial crisis the …
Green Conduct on