Attention Economy


Monday, October 6, 2014

Energy Consumption and Long-Term Growth

A common refrain amongst physicists is that economists fail to understand the constraints imposed by rising energy consumption:
http://www.bloombergview.com/articles/2014-10-05/economists-are-blind-to-the-limits-of-growth

This is not a new argument. In 2012 UCSD physicist Tom Murphy set of a debate with his post:
Exponential Economist Meets Finite Physicist

Noah Smith defends economists here:
http://noahpinionblog.blogspot.com/2012/11/murphys-law.html