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Why Standard Economic Models Don't Work: Our Economy is a Network

June 28, 2014 by Gail Tverberg

Networked Economy

The story of energy and the economy seems to be an obvious common sense one: some sources of energy are becoming scarce or overly polluting, so we need to develop new ones. The new ones may be more expensive, but the world will adapt. Prices will rise and people will learn to do more with less.[read more]

Faith-based economics

February 3, 2010 by Marc Gunther

Did the stimulus package jump-start the economy? Will climate regulation create jobs? Are clean energy subsidies an efficient way to curb pollution? Is health-care spending worth it? And how worried, really, should we be about budget deficits? Those are questions for economists. With those issues in the news, economists are in demand....[read more]

On Developing Better Immunity to Bullshit

September 5, 2009 by Michael Tobis

I have been gearing up to present an engineer's model of climate change forever. It will be quite a project.In brief, though, a well engineered system is a sort of circulatory system, a "closed loop" where anything that might get out of line has corrective mechanisms built in. Those corrections, though, require effective communication...[read more]