Steve Keen: “Mythonomics”
The Great Simplification with Nate Hagens
00:00
The Factor Relationship of Energy to GDP
Reiner come came up with the factor of energy at around point six. He thinks it's higher than that, because we get more energy efficient over time. A neo classical economist would think it's point zero three or point zero four. I think it's a pretty major assumption differential between those two world views. It's a huge differential. And there's no way to convince them otherwise.
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