By Steve Keen: Production, Entropy and Monetary Macroeconomics (economy and thermodynamics)

Here is Steve Keen, the world’s best economist, linking the economy with thermodynamics.

98% of the economists in the world are too stupid to understand this stuff.

As a consequence all of the economic models that our world leaders use to make decisions ignore the most important variables: energy, waste, and debt.

And we blindly race towards the cliff…

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s