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.


Mario said...

I LOVE seneca!!

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

Senexx said...

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