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Grignon, P. Money as debt [Motion Picture]. Meadows, Donella, Randers, J. New York: Universe Books.

biophysical economics « Journal of Sustainability Education

Beyond the limits: Confronting global collapse, envisioning a sustainable future. Limits to growth: The year update. Charles Hall of the Dept. Hall and Kent A. Klitgaard , Springer, pp. References: Douthwaite, R. TAGS: biophysical economics , economic theory and practice , Energy , peak oil , resilience , sustainable economics. Luis Gutierrez says:. March 21, at pm. July 13, at pm. Search for:. Ramez Naam. Energy at the Crossroads. Vaclav Smil. The Global Deal. Nicholas Stern. Our Way Out. Marq De Villiers. Climate Change: A Wicked Problem. Frank P. Boiling Point. Ross Gelbspan. Climate Change Justice.

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Energy & Our Economy: An Evening With Systems Ecologist Charles Hall

Unprecedented Crime. Peter D. Climate Coup. Patrick J. Simon Oakes. Environmental and Natural Resource Economics. Jonathan M. Climate Change. A Barrie Pittock. Fueling Freedom. Stephen Moore. Food and Fuel. Andrew Heintzman. The Case for a Carbon Tax. Shi-Ling Hsu. Bankrupting Nature. Anders Wijkman. Navigating on the Titanic. Bryne Purchase. Achieving Global Sustainability: Policy Recommendations.

United Nations. Controlling Climate Change. Bert Metz. Prosperity, Poverty or Extinction? Allen Cookson. Global Ecology. Global Carbon Pricing. Peter Cramton.

"The Wealth of Nations" by Adam Smith

Dimitris N. The Price of Carbon. David D Maenz. A Poverty of Reason. Wilfred Beckerman. The Challenge of Climate Change. Daniel P. Joseph F. A Prosperous Way Down. Howard T. The Green Paradox. Hans-Werner Sinn. Global Warming Gridlock. David G. David M. Hassenzahl Ph. The Economics of Climate Change.

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The Ethics of Global Climate Change. Denis G. China's Climate Change Policies. Wang Weiguang. Can We Afford the Future? Doctor Frank Ackerman. Energy, Complexity and Wealth Maximization. Are we to do nothing, or just keep doing "business as usual" and trust that some miracle will happen?

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A unique feature of this book is that the issue of declining EROI is explained in the context of economic theory, and in such a way that the reader gets an education on how we have come to the current state of un ecological economics. In fact, chapters 1 to 13 are an extended tutorial on the energetic basis of wealth through human history, how it has impacted the structure of society, and how it has influenced - and continues to influence - economic policies and practices. The reader who perseveres is then rewarded, in chapters 14 to 20, with significant insights on "how real economies work;" and these insights are more understandable precisely because they can now be explained at the intersection of the biophysical and socioeconomic sciences.

The careful reader will notice a bit of repetition in going from cover to cover, but some repetition can enhance learning and should be welcomed when it serves to reiterate the essence of issues that are crucial for the common good of humanity and the integrity of the human habitat.

Charles A. S. Hall

In particular, the authors repeatedly complain about current economic "doctrine" being uncritically applied in the USA and much of the globalized world without any empirical testing as required by the scientific method. Indeed, economic theories should be considered as "working hypotheses" to be tested to the maximum possible extent before full scale implementation. It is of course unfeasible to test economic theories under controlled laboratory conditions. But it is possible to analyze data, build various kinds of computer models, and assess whether or not theories are passing "the test of time" before they are elevated from "working hypothesis" to normative doctrine and used in the formulation of economic policies.

For instance, what about the uncritical acceptance of "growth" as defined by GDP as a primary objective of sustainable development? Is it possible to have infinite material growth in a physically finite planet? Isn't it time to consider and start testing an alternative hypothesis, e. In this regard, it is noteworthy that there is a significant lack of direct connectivity between the ecological-environmental and social-economic domains in science overlay maps see, for example, Rafols et al.

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By offering EROI as a scientific method that challenges -- and could enhance -- the economics profession, this book also fosters much needed dialogue between the natural and social sciences. Pie chart representation of the estimated distribution of dark matter and dark energy in the universe.

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Source: Wikipedia Sustainable Energy. We don't know what we don't know.

It is possible that some new source of energy will be discovered with an EROI much higher than that of fossil fuels and no polluting byproducts. It may happen that Nikola Tesla was right and we may soon learn how to extract energy from a vacuum. Perhaps the so-called "dark energy" will soon become a practically inexhaustible source of "clean" fuels see this.

Hall and Klitgaard profess themselves to be neither "optimists" nor "pessimists," but they are scientists and offer their cautious estimates of these probabilities based on the best evidence available at the moment. Their insistence on giving more weight to scientific evidence in the energy policy debate is certainly justified. However, given the complexity of the issues both socially and technologically and the huge risks to be managed, scientific evidence is not enough: a significant degree of wisdom will be required. So what are we to do?

According to the precautionary principle , it would seem wise to face the fact that sustainable energy availability will require either increasing the supply or reducing the demand. Since increasing the supply, and burning more and more fossil fuels, is by no means an environmentally sustainable proposition , we must come to grips with the fact that the transition from consumerism to sustainability will require a transition from a high-EROI to a low-EROI economy.