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Limits to Growth and the COVID-19 epidemic
Limits to Growth and the COVID-19 epidemic Forty-eight years ago I led an 18-month study at MIT on the causes and consequences of growth in population and material production on the planet earth through the year 2100. “If the present growth trends … continue unchanged” we concluded, “the limits to growth on this planet will […]
Part Two of Surveillance Capitalism at the Limits to Economic Growth – social controls through digital infrastructures have bio-physical limits
Part Two of Surveillance Capitalism at the Limits to Economic Growth – social controls through digital infrastructures have bio-physical limits Part Two For Shoshana Zuboff, to be human involves using one’s will to shape one’s own future. In this respect she draws on the philosopher Hannah Arendt. Arendt analysed the totalitarianism of Nazi Germany and […]
Defending degrowth is not Malthusian
Defending degrowth is not Malthusian Self-limitation is not about constraining, but about defining collectively as societies our limits. Political ecology ‘has made strong arguments against natural limits’ and is in friction with ‘degrowth’s .. urgency of less’, writes Paul Robbins. Indeed, political ecologists developed the field as a response to 1970s neo-Malthusianism. Nancy Peluso, Lyla Mehta or Betsy Hartmann have exposed […]
The school of economics as a suicide academy?
The school of economics as a suicide academy? “Anyone who thinks that economic growth can continue for ever on a finite planet is either a madman or an economist.” Kenneth Boulding The Limits to Growth Study of 1972 In 1972 economists became embroiled in a controversy with a group of systems scientists from the Massachusetts Institute […]
Why it (sort of) makes sense for the US to impose tariffs
Why it (sort of) makes sense for the US to impose tariffs Nearly everyone wonders, “Why is Donald Trump crazy enough to impose tariffs on imports from other countries? How could this possibly make sense?” As long as the world economy is growing rapidly, it makes sense for countries to cooperate with each other. With the […]
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence
2019: World Economy Is Reaching Growth Limits; Expect Low Oil Prices, Financial Turbulence Financial markets have been behaving in a very turbulent manner in the last couple of months. The issue, as I see it, is that the world economy is gradually changing from a growth mode to a mode of shrinkage. This is something like […]
How the light gets in
How the light gets in The science behind growth scepticism The Entropy Law still matters. CUSP director Tim Jackson responds to Michael Liebreich’s essay on the ‘The secret of eternal growth’. CC.0 :: ipicgr / pixabay.com It’s probably fitting that Michael Liebreich’s The Secret of Eternal Growth was published so close to Halloween. It’s so […]
Our Bonus Decade
Our Bonus Decade “The sense of security more frequently springs from habit than from conviction, and for this reason it often subsists after such a change in the conditions as might have been expected to suggest alarm. The lapse of time during which a given event has not happened, is, in this logic of habit, […]
Eco Crises: Doom & Gloom, Truth & Consequences
Eco Crises: Doom & Gloom, Truth & Consequences Photo Source Sakeeb Sabakka | CC BY 2.0 …We can’t save the world by playing by the rules because the rules have to change. Everything needs to change and it has to start today….To all the politicians that pretend to take the climate question seriously, to all […]
Why Economists Can’t Understand Complex Systems: Not Even the Nobel Prize, William Nordhaus
Why Economists Can’t Understand Complex Systems: Not Even the Nobel Prize, William Nordhaus The “base case” scenario of “The Limits to Growth” 1972 report to the Club of Rome. The strong non-linearity of the behavior of complex systems — including the global economy — is nearly impossible to understand for people trained in economics. William […]
