My recent article on energy and the economy (“Economic theory and the Real Great Contraction“) is but part of a significant recent flush of discussion about how economics has failed us, and what we should be doing about it. For those who are interested in the subject, I recommend these additional recent items.
A long treatise by physicist and human systems ecologist David Korowicz, which covers much material that will be familiar to longtime peakists, but which still offers some very useful insights on the problems of complexity and the unlikelihood that the Real Great Contraction will be slow and steady.
Geologist Euan Mearns outlines the relationship between energy and the economy from a UK perspective, with some great charts.
In an interview on Yahoo’s The Daily Ticker with Aaron Task, economist Graeme Maxton discusses the problems of energy and debt (very much along the lines of my argument) and concludes that economics has failed us, and economic growth is over.
Dr. Dan Bednarz contemplates the relationship between energy and the economy, and the implications of the end of growth from a public health perspective with some pithy comments, e.g., “all the major institutions we were brought up to count upon to be of aid and sustenance in fact are clutching the values, beliefs and language of growth culture that peak oil negates.”
Economist James Hamilton, a great contributor to the study of economics and energy and one of the few economists who really get the implications of peak oil, has a new paper out, summarized today in Mother Jones by Kevin Drum.
A new textbook on biophysical economics as an alternative to neoliberal economics, by Dr. Charles Hall.