AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
Archive: Doughnut Economics, with Kate Raworth
Intelligence Squared
The Overlooked Role of Energy in Economic Systems
Bill Phillips created one of the first computer models of the economy using pipes filled with water to represent debt and income flow. However, the model lacked the representation of energy input required to make it function. This absence highlights the oversight in economics regarding the essential role of energy in economic production systems. While labor and capital are discussed, energy's significance as a constraining or enabling factor in production is generally disregarded.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode