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Peak Oil Never Went Away

November 16, 2020

Peak Oil Never Went Away Do you remember peak oil? It was all the rage a decade ago. Now, almost no one is talking about it. The funny thing is, the problem never went away. If anything, it’s gotten worse. In this post, I take a deep dive into peak oil. I show you that […]

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Supply and Demand Deconstructed

August 6, 2020

Supply and Demand Deconstructed Prices are caused by supply and demand, right? So say neoclassical economists. If you’ve bought their fairy tale, I recommend you watch the video below. In it, Jonathan Nitzan demolishes the neoclassical theory of prices. It’s a master lesson in how to deconstruct a theory. Here’s the 100-word summary. Nitzan shows […]

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The Paradox of Individualism and Hierarchy

July 31, 2020

The Paradox of Individualism and Hierarchy In the early 1970s, Geert Hofstede discovered something interesting. While analyzing a work-attitude survey that had been given to thousands of IBM employees around the world, Hofstede found that responses clustered by country. In some countries, for instance, employees tended to prefer an autocratic style of leadership. But in other countries, […]

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Living the Good Life … Without Killing the Planet

July 17, 2020

Living the Good Life … Without Killing the Planet How can we live the ‘good life’ without killing the planet? My last post on energy and empire got me thinking about this question. We know that human welfare improves as we use more resources. But it’s suicidal for all of humanity to pursue this path. If the […]

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Why America Won’t Be ‘Great’ Again

July 11, 2020

Why America Won’t Be ‘Great’ Again They called him the ‘Little Emperor’. Romulus Augustus — better known as Romulus ‘Augustulus’ (‘Little Augustus’) — was the last Western Roman Emperor. He assumed the throne at the age of 16 during a period of unprecedented strife. There had been 8 emperors in the previous 20 years. Like his […]

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Energy and Institution Size

June 25, 2020

Energy and Institution Size This week was a first for me. I participated in an academic conference that was entirely online. The conference — called Thermodynamics 2.0 — was designed to connect the natural and social sciences. It was a fitting place to discuss my research, and there were many interesting (virtual) talks. I’ve posted here a […]

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Can the World Get Along Without Natural Resources?

June 21, 2020

Can the World Get Along Without Natural Resources? If it is very easy to substitute other factors for natural resources, then there is in principle no “problem”. The world can, in effect, get along without natural resources.– Robert Solow, 1974 In the distant future, aliens come to Earth. They find a planet devoid of life. Looking […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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