In this post, I will try to describe the physics-based limits that the economy is facing, related to diminishing returns of many kinds. The problem we are facing has sometimes been called "limits to growth," or "overshoot and collapse." Such changes tend to lead to a loss of "complexity." Continue reading →| Our Finite World
Economists have not understood the physics basis of the world economy. This post points out several issues that they have overlooked.| Our Finite World