Herman Daly: "Toward an Ecological Economics”
The Great Simplification with Nate Hagens
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The Cob Douglas Production Function in Economics
Neo class economics treats capital and labor as describing our wealth, but energy is completely absent. Just a barrel of oil does around five years of yours or my physical work. We've underpaid for the main input to our economies for over a century. But from an ecological economic standpoint or a biophysical economic standpoint, energy cannot be substituted by anything other than energy,.
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