In a recent podcast Steve Keen claimed that the law of thermodynamics dictates that we can no longer extend economic growth whilst looking for efficiencies in our use of energy. This week Phil questions Steve more on this. After all, so much of the growth we have seen over the last 100 years has come from the way we harness energy and use it to better effect. Can’t we just keep doing that? And could we use economics to fix the problems it has created, by more accurtaelyt pricing the real cost of energy and pollution? Even if we could – and Steve says we are already consuming too much of the earth’s resources – the International Energy Agency reckons if we are to reach net zero by 2050, then energy efficiency needs to improve by 4% per year. We’re a long way from achieving that, so is it time for a reality check?
Related Articles
![No Picture](https://braveneweurope.com/wp-content/themes/mh-magazine/images/placeholder-medium.png)
Economics
The Real News: Debating MMT with Randall Wray
Randall Wray, one of the founders of the economic theory known as Modern Monetary Theory (MMT) lays out some of its main arguments. Paul Jay hosts
![No Picture](https://braveneweurope.com/wp-content/themes/mh-magazine/images/placeholder-medium.png)
Economics
Richard Murphy: Corbynomics And Labour’s Fiscal Credibility Rule
October 15, 2018
Mathew D. Rose
Economics, EU politics, Finance, Financial Institutions, National Politics
0
This is excellent. In it Richard discusses with Patricia Pino and Christian Reilly what the UK government deficit actually is, Corbynomics, Labour’s Fiscal Credibility rule and the difference between fiscal policy and monetary policy. Listen […]
![No Picture](https://braveneweurope.com/wp-content/themes/mh-magazine/images/placeholder-medium.png)
Austerity
Steve Keen – This Ain’t Your Daddy’s Inflation Part Two
We are currently following the policy of a failed programme to stop inflation. Inflation stopped, but the economy was trashed. Steve Keen is a Distinguished Research Fellow, Institute for Strategy, Resilience & Security, UCL Cross-posted […]
Be the first to comment