economics

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Heinberg: Peak Everything Economics, or, What Do You Call This Mess?

23 Jan 2008
View all related to economics | economy | Money | Museletter | Resource Depletion
View all related to Richard Heinberg

It's becoming increasingly clear that 2008 will be a catastrophic year for the US economy, and therefore probably for that of the world as a whole. The reasons boil down to two: continuing and snowballing fallout from the subprime mortgage fiasco (exacerbated by an orgy of debt-leveraging), and record-high, continuously advancing oil prices. This brief portion of the February Museletter is so topical it bears immediate posting.

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Ron Cooke: American GDP: Can We Trust The BEA Data?

18 Jan 2008
View all related to economics | economy | Money
View all related to Ron Cooke

In early November, 2007, the Commerce Department’s Bureau of Economic Analysis (BEA) announced the United States had achieved a third quarter Gross Domestic Product (GDP) of 3.9 percent. That number was later updated to 4.9 percent. Those numbers set off my “reasonable test” alarm. How, I wondered, with an accelerating rate of inflation and declining economic activity, could the United States turn in such a stellar performance? The BEA’s report flunked the reasonable test.

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Peak Moment: A Sustainability Renaissance Man

15 Jan 2008 | |
View all related to economics | intentional community | Ken Wilber | nonviolent | Peak Moment Television | Permaculture

Earth needs humans to figure out our shared destiny, says Alan Seid, whose interest is both the outer and inner dimensions of sustainability. Outside there's ecology, social systems and economics (e.g., in Permaculture). Inside is the psychological dimension of personal and group values and intentions. How do we meet people where they are, engender respect, promote crucial information-sharing, and motivate change? Episode 91.

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Reality Report: evolution, addiction and economic demand

03 Jan 2008 |
View all related to addiction | economics | evolution | Peak Oil | psychology | Reality Report | Resource Depletion
View all related to Jason Bradford | Nate Hagens

Nate Hagens returns to discuss evolution, addiction and economic demand; or, how our brains trick us to want more than we need. Nate is a former Wall Street investments manager and has an MBA from University of Chicago. He is completing his doctoral studies at the University of Vermont's Gund Institute for Ecological Economics. Nate is also an editor for The Oil Drum, an online source for news, analysis and discussions about energy and our future. Jason Bradford hosts The Reality Report, broadcast on KZYX&Z in Mendocino County, CA.

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Reality Report: Ecological Economics

26 Dec 2007 |
View all related to Climate Change | economics | Reality Report | Resource Depletion
View all related to Jason Bradford

In this edition of the Reality Report, economics Professor Joshua Farley of the Gund Institute for Ecological Economics at the University of Vermont discusses the false assumptions of dominant economic theory, why this leads to problems, and what an alternative economic system might look like. During the interview, Prof. Farley explains how policies to protect the environment, stem the loss of biodiversity, conserve fossil fuels, and deal with climate change will fail without economic reform that first sets the sustainable scale of the human economy, secondly decides what is a just distribution, and finally allows the market to find the most efficient allocation. Among many publications, Prof. Farley is coauthor with Herman Daly of the college text book "Ecological Economics: Principles and Applications."

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NASA research scientist on peak oil and climate change

24 Dec 2007 |
View all related to Climate Change | Coal | economics | Natural Gas | Oil | Resource Depletion
View all related to David Room

"In terms of resolving these two problems of peak fossil fuels and climate change... mitigation policies for peak oil, peak coal and peak gas should be done in tandem with mitigation policies for climate change. And I think there's no reason that that shouldn't happen. In fact it makes the most sense to me." NASA research scientist Dr. Pushker Kharecha speaks with David Room about "Implications of 'peak oil' for atmospheric CO2 and climate," a paper Kharecha co-wrote with one of the world's foremost climate scientists, Dr. James Hansen. The paper, which has been submitted for peer-reviewed publication in a scientific journal, is one of few that consider both climate instability and oil depletion.

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Ron Cooke: CPI: Sophisticated Economic Theory, Terrible Ethics

20 Dec 2007
View all related to credit | economics | Money
View all related to Ron Cooke

Is institutional deception embedded in public policy? With an accelerating rate of inflation and declining economic activity, how could the economy of the United States manage to achieve a high growth, low inflation, performance?

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Henry Groppe: IEA to blame for $100 oil spike (with transcript)

16 Dec 2007 |
View all related to economics | Oil | Peak Oil
View all related to Henry Groppe | David Strahan

When the oil price soared to over $99 per barrel earlier this year, the cause was not surging demand, nor speculation, nor even impending peak oil, but a forecasting error by the International Energy Agency. That's according to a presentation by veteran analyst Henry Groppe, one of the most independent thinkers in the oil patch, at an investment conference organized by 13D Research in New York last week. NEW: A transcript of this interview is now available.

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Reality Report: global economy under stress (with transcript)

16 Dec 2007 |
View all related to credit | economics | economy | mortgage | Oil | Reality Report | Resource Depletion
View all related to Jason Bradford | Nate Hagens

Higher energy costs and a crisis of credit as a result of huge US debt levels will cause the US and global economies to contract in the near future. On this edition of the Reality Report, Nate Hagens of The Oil Drum discusses these stresses and possible implications for responses to peak oil. NEW: A transcript of this interview is now available.

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Ron Cooke: Credit Crunch: It Ain’t Over Yet

18 Nov 2007
View all related to credit | debt | economics | enconomy | mortgage | Oil
View all related to Ron Cooke

In March 2007, the Cultural Economist Ron Cooke predicted a recession. Today he notes, "we are sinking into a credit crisis of very large dimensions."