Tag Archives: economic models

Why Standard Economic Models Don’t Work–Our Economy is a Network

The story of energy and the economy seems to be an obvious common sense one: some sources of energy are becoming scarce or overly polluting, so we need to develop new ones. The new ones may be more expensive, but … Continue reading

Posted in Financial Implications, Introductory Post | Tagged , , , , , | 967 Comments

Why a Finite World is a Problem

Why is a finite world a problem? I can think of many answers: 1. A finite world is a problem because we and all of the other creatures living in this world share the same piece of “real estate.” If humans … Continue reading

Posted in Financial Implications | Tagged , , , , | 437 Comments

The Real Oil Extraction Limit, and How It Affects the Downslope

There is a lot of confusion about which limit we are reaching with respect to oil supply. There seems to be a huge amount of “reserves,” and oil production seems to be increasing right now, so people can’t imagine that … Continue reading

Posted in Financial Implications | Tagged , , , , , , | 347 Comments