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 … Continue reading “By Steve Keen: Production, Entropy and Monetary Macroeconomics (economy and thermodynamics)”

By Steve Keen: Credit Money: How it Works and Why it Fails

I need to get a small rant off my chest. I promised myself no finger-pointing on this site but I have to make an exception for Economists. With a total disregard for physical laws, the scientific method, and insufficient calculus skills to create a model that reflects reality, the embarrassing discipline of Economics makes it … Continue reading “By Steve Keen: Credit Money: How it Works and Why it Fails”

Favorites

Start Here Welcome un-Denial Manifesto: Energy and Denial Why my interest in denial? Denial Theory (video version) Denial Theory (short version) By Alex Smith: Radio Ecoshock interview with Ajit Varki Darwin & Varki On Burning Carbon: The Case for Renaming GDP to GDB You know you are in trouble when… What would a wise society … Continue reading “Favorites”

By Tim Garrett: Thermodynamics of the Economy (interviews and papers)

Tim Garrett is the most important and least recognized physicist on the planet because he discovered a theory that explains and quantifies the relationship between wealth and energy consumption. Here is Garrett’s home page with links to his papers: http://www.inscc.utah.edu/~tgarrett/Economics/Economics.html Here is a wikipedia page that explains his theory: https://en.wikipedia.org/wiki/Garrett_relation Here is a new interview … Continue reading “By Tim Garrett: Thermodynamics of the Economy (interviews and papers)”