3min chapter

The Great Simplification with Nate Hagens cover image

Kate Raworth: "The Superorganism V. The Doughnut"

The Great Simplification with Nate Hagens

CHAPTER

The Importance of Energy in Economics

Kumar: "Economics has focused on cost, not value and energy for what we pay for it" Energy is the fundamental currency of our economy. How can you claim to be an economist if you don't yet understand ecology, he says. Kumar: We're in a very tough moment. It feels good because we're on the right side of the ledger of humanity and the biosphere but we're in a hard time.

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