Wednesday, August 31, 2011

Is the world headed off a Seneca cliff?


It would be some consolation for the feebleness of our selves and our works if all things should perish as slowly as they come into being; but as it is, increases are of sluggish growth, but the way to ruin is rapid.
Lucius Anneaus Seneca, Letters to Lucilius, n. 91
Ugo Bardi, The Seneca Effect: why decline is faster than growth, at Cassandra's Legacy via the Oil Drum

Bardi presents a fairly simple model suggesting that this is the case with respect to petro-energy as the driver of the world economy. If you are into energy economics, it's a good read.

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2 comments:

Mario said...

I LOVE seneca!!

at least we can laugh on the way down!!! LOL

August 31, 2011 1:00 PM
Senexx said...

Energy Economics is probably the next step or my next step from MMT but I'm not there yet

August 31, 2011 9:45 PM

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