Filed under: Uncategorized | Tags: air cargo, air traffic, air travel, aviation, economic activity, economics, energy, jet fuel, peak oil, recession, transportation
Trending down.
Via Macronomics:
Macronomics: Air Traffic is pointing to additional economic activity weakness.
Filed under: Uncategorized | Tags: bonobos, economics, feudalism, Gini, income inequality, Obomney, OECD, Robama
Gini coefficient is commonly used as a measure of inequality of income or wealth…. For OECD countries, in the late 2000s, considering the effect of taxes and transfer payments, the income Gini coefficient ranged between 0.24 to 0.49, with Slovenia the lowest and Chile the highest.
via Gini coefficient – Wikipedia, the free encyclopedia.
click to enlarge
Clinton you old cad!
Filed under: Uncategorized | Tags: economic growth, economics, endless growth, GDP, Herman Daly, neoclassical economics, Steady State Economics
The Church of Economic Growth sings louder as the brushfire of reality encircles the building.
…even though the benefits of further growth are now less than the costs, our decision-making elites have figured out how to keep the dwindling extra benefits for themselves, while “sharing” the exploding extra costs with the poor, the future, and other species.
via What Is the Limiting Factor? « Center for the Advancement of the Steady State Economy.
Filed under: Uncategorized | Tags: denial, economics, energy, joules, Peak Demand, peak oil, physics, thermal energy, Tom Murphy, waste heat
Or, My Dinner With Andre the Giant Economist.
Another fun bit from Tom Murphy. Shades of Plato’s Republic.
…The upshot is that at a 2.3% growth rate (conveniently chosen to represent a 10× increase every century), we would reach boiling temperature in about 400 years. [Pained expression from economist.]
via Exponential Economist Meets Finite Physicist | Do the Math.
The economist says he believes that energy will become “arbitrarily cheap” in the future, before realizing how stupid that is.
Industrialized Cyclist Notepad 