The End of Oil By MICHAEL HIRSHPublished: September 25, 200 via Book Review – Crude World – The Violent Twilight of Oil, by Peter Maass – Review – NYTimes.com.
So, putting this and Kugman into the same discussion.. Climate researchers now predict the planet will warm by 6.3 degrees Fahrenheit by the end of the century even if the world’s leaders fulfill their most ambitious climate pledges, a much faster and broader scale of change than forecast just two years ago, according to a …
And see the next (above) So the main argument against climate action probably won’t be the claim that global warming is a myth. It will, instead, be the argument that doing anything to limit global warming would destroy the economy. As the blog Climate Progress puts it, opponents of climate change legislation “keep raising their …
MADRID — As world leaders converge in Pittsburgh for a major economic summit this week, one of the biggest questions they face is this: How do you begin to replace the millions of jobs destroyed by the Great Recession, now that the worst of the crisis has potentially passed?THIS STORYSpains Answer to Unemployment: Go GreenerFull …
All quite vague, all hopign to hold on to existing political and commercail structures. Her we begin to see the tretch marks. What we are seeking, after all, is not simply an agreement to limit greenhouse gas emissions. We seek an agreement that will allow all nations to grow and raise living standards without endangering …
The Costs of Economic Growth, by Charles I. Jones, Stanford GSB and NBER, August 18, 2009: 1. Introduction In October 1962, the Cuban missile crisis brought the world to the brink of a nuclear holocaust. President John F. Kennedy put the chance of nuclear war at “somewhere between one out of three and even.” The …
This paper explores what might be called a “Russian roulette” theory of economic growth. Suppose the overwhelming majority of new ideas are beneficial and lead to growth in consumption. However, there is a tiny chance that a new idea will be particularly dangerous and cause massive loss of life. Do discovery and economic growth continue …
Here is the problem. Economics is the social science that studies the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία oikonomia, “management of a household, administration” from οἶκος oikos, “house” + νόμος nomos, “custom” or “law”, hence “rules of the household”.[1] Current economic models developed out …
“Minsky” was shorthand for Hyman Minsky, a hitherto obscure macroeconomist who died over a decade ago. Many economists had never heard of him when the crisis struck, and he remains a shadowy figure in the profession. But lately he has begun emerging as perhaps the most prescient big-picture thinker about what, exactly, we are going …