Authored by Gail Tverberg via Our Finite World blog,
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?
Submitted by Chris Hamilton via Econimica blog,
In this article, I want to spend a little time reviewing two of the most relatively reliable data sets, population size/growth and energy consumption/growth. I'll compare the total energy consumption of nations / groupings of nations vs. their core (25-54yr/old) employed populations and total core (25-54yr/old) populations.
Submitted by Gail Tverberg via Our Finite World blog,
I approach the subject of the physics of energy and the economy with some trepidation. An economy seems to be a dissipative system, but what does this really mean? There are not many people who understand dissipative systems, and very few who understand how an economy operates. The combination leads to an awfully lot of false beliefs about the energy needs of an economy.