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A Modern Ethic for a Finite World

A Modern Ethic for a Finite World Photo Source Kevin Dooley | CC BY 2.0 At some point, presumably before leaving the relative comfort of Africa and overrunning the more hostile climes and lesser higher primates of Eurasia, ancient man created powerful taboos some of which survive to the present day. The institution of marriage, […]

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Paying the True Costs of Living

Paying the True Costs of Living We’re in trouble. We as in the people of the Earth, which is all the people there are, notwithstanding theories of extraterrestrials munching their popcorn equivalents while watching us flail about. Our planet is only so big and has only so much in the way of natural resources to offer […]

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What is it like to live in a steady state economy? Miss Hokusai in Edo Japan

What is it like to live in a steady state economy? Miss Hokusai in Edo Japan “Miss Hokusai” is a delicate and beautiful movie set during the late Edo period in Japan. It may give us a feeling of what it is like to live in a steady-state economy. In the picture from the movie, […]

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Politics in a full world

Politics in a full world When Scientific American published Herman Daly’s “Economics in a Full World” in September 2005, few people knew what lay ahead: oil climbing to $147 a barrel, the relentless rise in global temperatures due to greenhouse gas emissions, the food riots of 2008 sparked by rising food prices, the economic crash that followed, and the […]

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2016: Oil Limits and the End of the Debt Supercycle

2016: Oil Limits and the End of the Debt Supercycle What is ahead for 2016? Most people don’t realize how tightly the following are linked: Growth in debt Growth in the economy Growth in cheap-to-extract energy supplies Inflation in the cost of producing commodities Growth in asset prices, such as the price of shares of stock […]

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Our Electricity Problem: Getting the Diagnosis Correct

Our Electricity Problem: Getting the Diagnosis Correct What is really wrong with our energy system, particularly as it relates to electricity and natural gas? Are there any mitigations available? I have been asked to give a talk at an Electricity/Natural Gas conference that includes both producers and industrial users of electricity and natural gas. In this […]

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How Economic Growth Fails

How Economic Growth Fails We all know generally how today’s economy works: Our economy is a networked system. I have illustrated it as being similar to a child’s building toy. Ever-larger structures can be built by adding more businesses and consumers, and by using resources of various kinds to produce an increasing quantity of goods and […]

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Olduvai IV: Courage
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Olduvai II: Exodus
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