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Fukushima Daiichi 1 år

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    Strangely enough, the economy seems to move from tailwind to tailwind, as new resources are discovered, as population expands, and as central banks figure out new ways to fix the economy. In this post, I will describe some tailwinds affecting the economy. Many of these have recently lost their value or are likely to lose […]
  • Beliefs Should Change with Evidence 9 december, 2023
    You can’t say that I don’t change my beliefs when presented with new evidence by smart experts with integrity. Thanks to Dr. Jonathan J. Couey, I am in process of overturning much of what I thought was true about covid: If the above is true, and I suspect it is, the narrative I have been […]
  • Do you want to eat, drink, or fly? 6 december, 2023
    Preface.  In this post the New York Times writes about renewable airplane fuel from corn ethanol, and questions whether there is enough water and a few other problems.  First I’m going to summarize their issues with this, and then follow … Continue reading →

Neoklassisk ekonomi och klimathotet!

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Steve Keen har skrivit en artikel som sablar ner Sveriges Riksbanks ekonomipris till William Nordhaus. Det finns flera grava fel som Nordhaus gör och som borde göra att Nobelkommittén tar bort ekonomipriset helt!
Ekonomer gör sina egna bedömningar av skadan som klimatförändringen kan göra, 90% procent av BNP kommer att vara opåverkat för det sker INOMHUS! Detta är häpnadsväckande!
Nordhause har i många papper kritiserat Jay Forrester’s arbete World Dynamics (1973) för att inte använda empiriska data!
Keen beskriver det bra.

Whereas Nordhaus characterized Forrester’s work as ‘measurement without data’, Nordhaus’s can be characterized as ‘making up numbers to support a pre-existing belief’: specifically, that climate change could have only a trivial impact upon the economy.

Hela artikeln finns här nedan.
Källa: Full article: The appallingly bad neoclassical economics of climate change
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