Want to understand why economics is science fiction?

In economics, everything is measured in financial terms. In this post by Tim Morgan, you will understand why this is a fallacy.

In the real world, the production of goods and services depends on energy. In the 1970s, about 2% of the energy generated was needed to provide it. With easy-access sources gone, that’s now more like 10%, and rapidly worsening. And that’s not even considering the “externalities of energy production,” you know, trivial things like the climate catastrophe.

Read this powerful essay if you want to understand the near future.

About Dr Bob Rich

I am a professional grandfather. My main motivation is to transform society to create a sustainable world in which my grandchildren and their grandchildren in perpetuity can have a life, and a life worth living. This means reversing environmental idiocy that's now threatening us with extinction, and replacing culture of greed and conflict with one of compassion and cooperation.
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2 Responses to Want to understand why economics is science fiction?

  1. jenran72 says:

    This essay put into words a feeling I have had for some time. The concept of infinite growth being good is something I have never understood, and money, technology and goods as the most significant measure of mankind’s progress goes against every ethical ideal. Thank you for the link, this essay reassured me that I am not alone in my weirdness. I wish we could go back to the simpler way of life that we all enjoyed back before modern technology and economics changed the world.

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