Will the big stimulus work?

Governments are like a doctor who is confronted by a patient suffering from a severe cold. So the doctor says, ‘Right, everyone, let’s cough and sneeze all over him, that’ll cure him!’
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Other “Job Creation” Schemes

The statements in this post apply particularly to the economic predicament of the 1970′s and 80′s, which may recur under the pressure of modern problems. They do not necessarily hold true for every form of economic malaise; for instance, they would have been inaccurate for the Great Depression of the 1930′s.  … Read more

Digression: Fast Breeder Nuclear Fission Reactors

This technology promises to expand the amount of fissionable fuel available from natural uranium by a factor of about 60, by “breeding” more fuel than it consumes. This doesn’t change the non-renewable nature of the total uranium resource, but it does promise to make it so abundant as to encourage a casual attitude towards energy conservation.  … Read more

Global Inequalities in Wealth

Another misconception held by many in both “rich” and “poor” countries is that the “rich” should go on making and using ever more goods and services, thereby “creating wealth” that can somehow find its way to the “poor” nations, making them “richer”.  … Read more

Stopping Global Warming – Better Communication Needed

In Australia the federal government is trying to implement an Emissions Trading Scheme to combat global warming. Opponents of this scheme argue that it will cost jobs.

Surely the whole point of trying to slow and stop global warming is that if such warming continues unchecked, it will cost millions of jobs, and lives, worldwide, because of the destructive effects of changing climates and rising sea levels.  … Read more

Evolution Not Revolution

Achieving a sustainable world economy would be nothing less than a great step in human evolution, comparable with the mastery of fire or the development of settled agriculture as opposed to hunting and gathering. It concerns the whole world and needs to be tackled on a world, not just a national, basis.  … Read more

Costs – What Really Costs Us and What Doesn’t?

A new definition of costs is also required. The term at present is muddled and confused in general usage.

Wealth loss versus Throughput Reduction

Any outlay of money in a national economy is regarded as a “cost” to the nation in the sense of some loss of wealth.  … Read more

Who needs the Snail Darter?

A subtle, indirect but nevertheless important further way in which environmental depletion damages economic health is through the extinction of species.

A particular species may not be throughput directly in the sense that a particular economic activity is based directly on that species.  … Read more

Ratio Distortion and Consumption

Before and during the Great Depression there was under-consumption due to chronic under-payment of workers – fewer goods and services were being consumed than available workers and plant could structure. But what of the stagflationary situation, when chronic overpayment of workers was the distortion affecting more perfluent economies?  … Read more

Solar Energy – a Special Case

The term solar energy means not only the direct radiant energy of the sun, but also its stored forms – plants, animals, fossil fuels.

The sun’s radiant energy is not a resource, but the result of throughput of a resource – that being the sun’s matter.  … Read more

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