How can we improve human welfare without consuming more energy?

The rise and fall of empires is written in the language of energy. Let’s have a look at this ‘energy book’ and see why America won’t be ‘great’ again.

I’ve always been baffled why ‘modern monetary theory’ is called a theory . I don’t mean this in a disparaging way. As far as theories of money go, I think modern monetary theory (MMT for short) is the correct one. But having a correct theory of money is a bit like having a correct theory of traffic lights. Traffic lights (like money) are a social convention.

Here are the 5 blogs that I read frequently.

A talk about how and why institutions grow with energy use.

I dissect how neoclassical economics treats (neglects) natural resources, and discuss ways to fix it.

The neoclassical theory of economic growth is an example of Murphy’s law: everything that could go wrong did go wrong.

Ever wondered what trait most affects your income? Turns out it’s your rank in a hierarchy.

I take a break from political economy and talk computer science.

I revisit the productivity-income quagmire.

I discuss my research on income and hierarchy with Steve Keen and Phil Dobbie