Item of General Interest
March 12 Update. Not too long ago, I added a tab along the top called PDFs of posts for some recent posts. I added these particularly for viewers who are having trouble viewing images. Some other readers may prefer them in this form as well.
I know that China (and perhaps other countries) block images hosted on Wordpress. These PDFs are hosted on a university server, so should not be blocked.
Tag Archives: GDP growth
We know the world economic pattern we have been used to in years past–world population grows, resource usage grows (including energy resources), and debt increases. The economy grows fast enough that paying an interest rate a little higher than the … Continue reading
We are used to expecting that more investment will yield more output, but in the real world, things don’t always work out that way. In Figure 1, we see that for several groupings, the increase (or decrease) in oil consumption … Continue reading
Strange as it may seem, humans seem to have evolved in a way that we have a need for external energy, such as energy from burning wood or fossil fuels. While the evidence is not 100% certain, it appears that … Continue reading
The usual assumption that economists, financial planners, and actuaries make is that future real GDP growth can be expected to be fairly similar to the average past growth rate for some historical time period. This assumption can take a number … Continue reading