Podcast appearances and mentions of William Nordhaus

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.Original article: The Political Business Cycle 50 Years Later

William Nordhaus coined the term “Political Business Cycle” a half-century ago. The idea was that government authorities, particularly the central bank, would manipulate the economy to correspond with election cycles, a practice that continues to this day.Original article: The Political Business Cycle 50 Years Later

On the 9th of April, 13:00-14:00, in the E-Hall, Room for Discussion welcomed Steve Keen – outspoken critic of mainstream economics, author of “The New Economics: A Manifesto”, and one of today's most rebellious economic thinkers.Keen has made it his mission to dismantle the neoclassical foundations of the discipline. With climate collapse accelerating, inequality deepening, and debt-driven crises recurring, he claims our economic orthodoxy is not just wrong, but dangerous. From his emphasis on non-equilibrium dynamic modelling to jabs at Nobel laureates, such as William Nordhaus, Keen's ideas challenge not only the economics profession, but how we imagine the future of society. Expect controversy, polemics, and ultimately a discussion on how Steve Keen would model our world. Is this the future of economics, or a detour into chaos?

There is no energy transition - only ongoing and symbiotic energy addition. Historian Jean-Baptiste Fressoz, author of More and More and More: An All-Consuming History of Energy, joins us. Highlights include: How the symbiotic relationships between wood, coal, and oil have led to increased use of all of them; Why decoupling economic growth from energy and materials use is a delusional myth; How the energy transition narrative evolved and why it's an "intellectual scandal" used to delay climate action through faith in techno-driven growth; How the IPCC's focus on economic growth drives the energy transition narrative, downplays degrowth and sufficiency, and relies on unproven techno-fixes, such as Carbon Capture Storage (CCS); How safety norms were invented to secure industrial capital, and how criticisms and objections around technological risks were silenced or overcome to establish technological modernity. See episode website for show notes, links, and transcript:  https://www.populationbalance.org/podcast/jean-baptiste-fressoz   OVERSHOOT | Shrink Toward Abundance OVERSHOOT tackles today's interlocked social and ecological crises driven by humanity's excessive population and consumption. The podcast explores needed narrative, behavioral, and system shifts for recreating human life in balance with all life on Earth. With expert guests from wide-ranging disciplines, we examine the forces underlying overshoot: from patriarchal pronatalism that is fueling overpopulation, to growth-biased economic systems that lead to consumerism and social injustice, to the dominant worldview of human supremacy that subjugates animals and nature. Our vision of shrinking toward abundance inspires us to seek pathways of transformation that go beyond technological fixes toward a new humanity that honors our interconnectedness with all beings.  Hosted by Nandita Bajaj and Alan Ware. Brought to you by Population Balance. Learn more at populationbalance.org Copyright 2025 Population Balance

Futurist, Technologist and Author of many titles including the classic “Wealth and Poverty”, George Gilder joins us to discuss supply side economics and the transformative potential of using graphene material in various industries including real estate. We discuss economic growth measured by time prices, showing that private sector progress is faster than GDP estimates. Learn about graphene's properties, including its strength and conductivity, and its potential to transform various industries. Graphene is a single layer of carbon atoms that is 200 times stronger than steel, 1000 times more conductive than copper and the world's thinnest material. Resources: getgilder.com Show Notes: GetRichEducation.com/517 For access to properties or free help with a GRE Investment Coach, start here: GREmarketplace.com Get mortgage loans for investment property: RidgeLendingGroup.com or call 855-74-RIDGE  or e-mail: info@RidgeLendingGroup.com Invest with Freedom Family Investments.  You get paid first: Text FAMILY to 66866 For advertising inquiries, visit: GetRichEducation.com/ad Will you please leave a review for the show? I'd be grateful. Search “how to leave an Apple Podcasts review”  GRE Free Investment Coaching: GREmarketplace.com/Coach Best Financial Education: GetRichEducation.com Get our wealth-building newsletter free— text ‘GRE' to 66866 Our YouTube Channel: www.youtube.com/c/GetRichEducation Follow us on Instagram: @getricheducation Complete episode transcript:   Automatically Transcribed With Otter.ai    Keith Weinhold  00:01 Welcome to GRE. I'm your host. Keith Weinhold. I'm talking about the various economic scare tactics out there, like the BRICS, the FDIC and the housing crash. What lower interest rates mean? How our nation's $35 trillion debt has gone galactic. Then today's guest is a legend. He's a technologist and futurist. It tells us about today's promise of graphene in real estate all today on get rich education.  when you want the best real estate and finance info, the modern Internet experience limits your free articles access, and it's replete with paywalls and you've got pop ups and push notifications and cookies disclaimers. Oh, at no other time in history has it been more vital to place nice, clean, free content in your hands that actually adds no hype value to your life. See, this is the golden age of quality newsletters, and I write every word of ours myself. It's got a dash of humor, and it's to the point to get the letter. It couldn't be more simple text, GRE to 66866, and when you start the free newsletter, you'll also get my one hour fast real estate course, completely free. It's called the Don't quit your Daydream letter, and it wires your mind for wealth. Make sure you read it. Text GRE to 66866, text GRE to 66866.   Corey Coates  01:40 you're listening to the show that has created more financial freedom than nearly any show in the world. This is Get Rich Education.   Keith Weinhold  01:56 Welcome to GRE from Dunedin, Florida to Dunedin, New Zealand and across 188 nations worldwide. I'm Keith Weinhold, and you are listening to get rich education, where real estate investing is our major. That's what we're here for, with minors in real estate economics and wealth mindset. You know, as a consumer of this media type as you are, it's remarkable how often you've probably encountered these de facto scare tactics, like the BRICS are uniting and it will take out the dollar and it's just going to be chaos in the United States. You might know that BRICS, B, R, I, C, S is the acronym for Brazil, Russia, India, China and South Africa. Do you know how hard it is to get off the petro dollar and how hard it is for the BRICS, which is basically more than just those five countries, it's dozens of countries. How hard it is for them to agree on anything with things as various as their different economies, and they'll have different customs and currencies. I mean, sheesh, just for you to get yourself and three friends all to agree to meet at the same coffee shop at the same time, takes, like a Herculean effort, plus a stroke of luck, and all full of you are like minded, so I wouldn't hold your breath on the dollar hyper inflating to worthlessness, although it should slowly debase. What about the scare tactic of the FDIC is going to implode, and this could lead to bank closures and widespread societal panic. Well, the FDIC, which stands for Federal Deposit Insurance Corporation, they're the body that backs all of the US bank deposits, including yours, and it's steered by their systemic resolution Advisory Committee. Well, there are $9 trillion in bank deposits, and is backed by only a few 100 billion in FDIC cash, so there aren't nearly enough dollars to back the deposits. So can you trust your money in the bank? That's a prevalence scare tactic, but my gosh, if nothing else, history has shown that the government will step in to backstop almost any crisis, especially a banking related one, where one failure can have a cascading effect and make other institutions fall. I'm not saying that this is right, but time has proven that the government does and will step in, or the common scare tactic in our core of the world that is the eminent housing price crash. And I define a crash as a loss in value of 20% or more. Do you know how difficult this would be to do anytime soon? Housing demand still outstrips supply. Today's homeowners have loads of protective equity, an all time high of about 300k so they're not walking away from their homes. Inflation has baked higher replacement costs into the real estate cake, and now mortgage rates have fallen one and a half percent from this cycle's highs, and they are poised to fall further, so a housing price crash is super unlikely, and a new scare tactic for media attention seems to be this proposal by a future presidential hopeful about a tax on unrealized gains. Now Tom wheelwright is the tax expert. He's returning to the show with us again soon here, so maybe I'll ask him about it. But a tax on unrealized gains is politically pretty unpopular. It would be a mess to impose, and a lot of others have proposed it in the past as well, and it has not gone anywhere. Plus tax changes need congressional approval, and we have a divided Congress, there's a small chance that attacks on unrealized gains could come to fruition, but it would be tough. It's probably in the category of just another media scare tactic, much like the BRICS and the shaky FDIC banking structure had a housing price crash. I like to keep you informed about these things, and at times we do have guests with a disparate opinion from mine on these things. Good to get a diversity of opinions, but it's best not to go too deep into these scare tactics that are really unlikely to happen any time soon. Well, there was a party going on 10 days ago at what all affectionately dub club fed in Jacksonhole Wyoming, I don't know what the club fed cover charge was, but fortunately, we did not have to watch Janet "Grandma" Yellen dance at Club fed and and share. Jerome Powell, yes, he finally caught a rate cut buzz. He announced that the time has come for interest rate cuts, and as usual, he didn't offer specifics. Total rager. what a party. later this month, he's going to render the long awaited decision, which now seems to be, how much will cut rates by a quarter point or a half point? Did you know that it's been four and a half years since the Fed lowered rates? Yeah, that was March of 2020, at the start of the pandemic. And then we know what happened back in 2022 and 2023 they hiked rates so much that they needed trail mix, a sleeping bag and some Mountain House freeze dried meals to go along with their steady hiking cycle. Interest rates now, though have been untouched for over a year, it's been an interesting year for the Fed and rates many erroneously thought there would be six or more rate cuts this year. And what about Maganomics? Trump recently said that if he becomes president, he should be able to weigh in on fed decisions that would depart from a long time tradition of Fed independence from executive influence. Historically, they've been separated.   Donald Trump  08:26 The Federal Reserve's a very interesting thing, and it's sort of gotten it wrong a lot. And he's tending to be a little bit later on things. He gets a little bit too early and a little bit too late. And, you know, that's very largely a it's a gut feeling. I believe it's really a gut feeling. And I used to have it out with him. I had it out with him a couple of times, very strongly. I fought him very hard. And, you know, we get along fine. We get along fine. But I feel that, I feel the president should have at least say in there. Yeah, I feel that strongly. I think that, in my case, I made a lot of money. Iwas very successful, and I think I have a better instinct than in many cases, people that would be on the Federal Reserve or the chairman.   Keith Weinhold  09:10 Those Trump remarks were just a few weeks ago, and then shortly afterward, he seemed to walk those comments back, but he did say that he would not reappoint. DJ J-pal, to the economic turntables. It's a long standing economic argument as well about whether an outside force like the Fed should set interest rates at all, which is the price of money, rather than allowing the rate to float with the free market as lenders and borrowers negotiate with each other. I mean, no one's out there setting the price of oil or refrigerators or grapes, but it is pretty remarkable that the Fed has signaled that rate cuts are eminent when inflation is still 2.9% well above their 2% target. But let's be mindful about the Fed's twofold mission, what they call their dual mandate. It is stable prices and maximum employment. Well, the Fed's concern is that second one, it's that the labor market has slowed and see the way it works is pretty simple. Lower interest rates boost employment because it's cheaper for businesses to borrow money that encourages them to expand and hire, which is exactly how lower interest rates help the labor market. That's how more people get hired, and this matters because you need a tenant that can pay the rent. So the bottom line here is to expect lower interest rates on savings accounts, HELOCs, credit cards and automobile loans. What this means to real estate investors is that lower mortgage rates are eminent, although the change should be slow. Two years ago, mortgage rates rose faster than they're going to fall. Now, one thing that lower interest rates can do is lower America's own debt. Servicing costs and America's public debt is drastic. Now, between 35 and $36 trillion in fact, to put our debt into perspective, it has gone galactic. And I mean that in an almost literal sense, because look, if you line up dollars, dollar bills, which are about six inches long, if you line those up end to end from Earth, how far do you think that they would reach? How about to the moon? Oh, no, if you line up dollars end to end, they would stretch beyond the moon. Okay, let's see how far we can follow them out through the solar system. They would breeze past Mars, which is 140 million miles away, the next planet out Jupiter. Oh, our trail of dollar bills would extend beyond that. Next up is Saturn and its ring. The dollar bills would reach beyond that. We're getting to the outer planets now, Uranus still going. Neptune, okay, Neptune is about $30 trillion bills away, and we would have to go beyond that then. So our 35 to $36 trillion of national debt would almost reach Pluto that's galactic. That's amazing. That's bad, and it probably means we have to print more dollars in order to pay back the debt, which is, of course, long term inflationary. And I don't know what's stopping us from going from $36 trillion up to say, 100 trillion, gosh. next week here on the show, we're talking about real estate investing in one of the long time best and still hottest real estate investor states, and then later on, we've got brilliant tax wizard Tom wheelwright returning, as we know here at GRE real estate pays five ways, and if you have any Spanish speaking family or friends, I've got a great way for them to consume all five video modules. It's an AI converting my voice to Spanish in these videos, we have a Spanish speaker here on staff at Get Rich Education, and she said the dub is pretty good. Well, the entire package, real estate pays five ways in Espanol is condensed into a powerful one hour total, all five videos a course, all in one wealth building hour. It's free to watch. There's no email address to enter or anything you can tell your Spanish speaking family and friends, or maybe your multilingual and your primary language is Spanish. That is it getricheducation.com/espanolricheducation.com/espanol or a shorter way to get to the same pageis getricheducation.com/espricheducation.com/esp, that's getricheducation.com/esp.richeducation.com/esp.  This week's guest is one of the first people I ever heard discussing the blockchain and cryptocurrency 15 years ago, and then he was early on AI. What got my attention is his education about a promising construction material for building new real estate, though, I expect that our discussion will delve outside of real estate today as well. Let's meet the incomparable George Gilder. This week's guest is the co founder at the Discovery Institute, discovery.org original pillar of supply side economics, former speechwriter to both Presidents Reagan and Nixon. And he's the author of the classic book on economics called Wealth and Poverty. Today he's at the forefront of technological breakthroughs. He's a Harvard grad. He wears a lot of stripes. I've only mentioned a few. Hey, welcome to GRE George Gilder.   George Gilder  15:09 right there better here.   Keith Weinhold  15:11 It's so good to host you, George, in both your writings and your influences on people like President Reagan, you champion supply side economics. And I think of supply side economics as things like lower taxes, less regulation and free trade. We had someone in the Reagan administration here with us a few months ago, David Stockman. He championed a lot of those same things. But go ahead and tell us more about supply side economics and what that means and how that's put into practice.   George Gilder  15:43 Well, it really begins with human creativity in the image of your Creator, essence of supply side economics now super abundant. I mean supply side economics triumphs. We had the whole information technology revolution ignited during the Reagan years and now dominates the world economy and gives the United States seven out of the top 10 companies in market cap. 70% of global corporate market cap is American companies because of supply side economics amazing, and that's why it's distressing to see supply side economics, with its promise of super abundance and prosperity and opportunity, Give way to narrow nationalistic calculations and four tenths of war. I mean, all these Jews are at the forefront. Today, in time, we're going to see human creativity once again prevail in my books, Life After Capitalism is my latest book, my new paradigm is graphene. Graphene is a single layer of carbon atoms, two dimensional layer of carbon atoms that is 200 times stronger than steel, 1000 times more conductive than copper. It switches and the terahertz trillions of times a second, rather than the billions of times a second that our current silicon chips which and you mix it with concrete, the concrete comes 35% stronger, just parts per million of graphene mixed with concrete yields some material that's 35% stronger than ordinary concrete. You mix a parts per million of graphene with asphalt, the roads don't get potholes in the winter. It's radically Abate, but it conducts signals so accurately. If you go on YouTube, you can find a mouse and said it's spinal cord severed completely, injected with graphene, the spinal signals transmitted so accurately that the you see the mouse doing cartwheels by the end of the YouTube measure. I mean, it's material that's going to transform all industries, from real estate to medicine to surgery to electronics. Electronics been kind of the spearhead of our economy, of the transformation and electronics may be more significant than any other domain.   Keith Weinhold  18:49 Well, this is a terrific overview of all the contributions you're making to both the economic world and the technology world with what you told us about right there. And I do want to ask you some more about the graphene and the technology later. But you know, if we bring it back to the economics, it was in your classic book, Wealth and Poverty, which sold over a million copies, where you espouse a lot of the same things that you still espouse today in your more recent books, that is, capitalism begins with giving, we can often think of it that way. As a real estate investor is where we need to give tenants a clean, safe, affordable, functional property before we profit. Capitalism begins with giving.   George Gilder  19:32 Absolutely. That's a crucial debate I had with Ayn Rand The Fountainhead and Atlas Shrugged and I say, capitalism is subsist on altruism. I'm concerned for the interests of others, imaginative anticipation of the needs of others. It's an altruistic, generous system, and from that generosity. Stems the amazing manifestations of super abundance that which I've been writing about recently. And super abundance shows, measured by time prices, how many hours a typical worker has to spend to earn the goods and services that sustain its life. Yeah, that's where the real cost has time. Yeah, time is money. Money is time, tokenized time, and measured by time, economic growth has been 50 to just enormously faster than is estimated by any of the GDP numbers. However, measured by time government services or ordinary GDP assumes that every dollar of government spending is worth what it costs. Prices both show that progress in the private sector has been four or five times faster than is estimated by GDP well government time, price of government dominated goods, including, increasingly, healthcare and education, is way less valuable than the cost. It's value subtracted, and certainly trillions of dollars for windmills and solar panels, trillions of dollars of subsidies is a net subtraction of value in the world economy. So I am with Gale Pooley and Tupy, both who wrote a book called Superabundance that I wrote the introduction to, and William Nordhaus, the Nobel laureate from Yale, who really conceived and developed time prices and showed that economic growth is 1000s of times greater than has been estimated by ordinary economic data. This is a time of abundance. It's not a time of scarcity. It's not a time of the dismal science. It's the time of super abundance.   Keith Weinhold  22:17 Yes, 100% a lot of that is just the government getting out of the way and really let people be givers, be that go giver and lead with giving, because I have never heard of a society that's taxed its way to prosperity.   George Gilder  22:34 Yeah. Well, that's absolutely the case. And I've been talking previously about graphene, which is the great new material that has been discovered of the last a couple decades. It originated, a lot of the science originated in Jim Tour's laboratory. James Tour of Rice University, and he's had scores of companies have emerged from his laboratory, and 18 of them got started in Israel. Israel is really become a leading force in the world economy. And when Israel is in jeopardy, our economy is in jeopardy. We have 100,000 Israeli citizens working in companies in Silicon Valley, 100,000 all the leading American tech companies have outposts in Israel, and now we face what I call the Israel test, which is how you respond to people who are really superior in creativity and accomplishment and intellect, and the appropriate thing to do is emulate them and learn from them. But too many people in the world see success and they want to tear it down, or they think it was stolen from someone else, or it was part of a zero sum game where the riches of one person necessarily come at the expense of someone else, which is the opposite of the truth, the riches proliferate opportunities for others. That's how the economy grows through the creativity and the image of your Creator.   Keith Weinhold  24:25 And when you bring up Israel, they're one of many nations that's made strong contributions to society and the economy, and we think about other nations that's been an increasingly relevant conversation these past few years, a lot of that centers on immigration. I'm not an expert on how many people we should let into this country or any of those sort of policy sorts of things, but here is a real estate investing show. I often think about where and how we're going to house all these immigrants, whether they come from Central America or South America or Israel or. Anywhere else. And I know oftentimes you've touted immigrations economic benefits, so I think it's pretty easy for one to see how in the short term, immigrants could be of economic detriment, but tell us more about those long term economic benefits of immigrants coming to the United States.   George Gilder  25:17 Immigrants come to the United States and become Americans and contribute American opportunity and wealth. We won the second world war because of immigration of Jewish scientists from Europe to the United States, who led by people like John von Neumann and Oppenheimer who forged the Manhattan Project, and that's really how we won the Second World War, was by accepting brilliant immigrants who wanted to serve America. Now there is a threat today where immigrants come to the United States not to contribute to the United States, but to exploit the United States, or even destroy it, not to go givers. They are givers, and so we want immigrants who are inclined to commit to America and create opportunities for the world, but immigrants who want to tear down America and who believe that America owes them something tend to be less productive and less valuable immigrants and immigrants who really want to destroy western civilization, and the jihadists that we know about are actually a threat to America. So the immigration problem isn't simple, but when we had a system where legal immigrants could apply and enter our country and revitalize it, that was a wonderful system, but having boards of illegal immigrants just pour over the border is not an intelligent way to deal with the desire of people around the world to share an American prosperity.   Keith Weinhold  27:13 We've seen several cases in the past year or two where immigrants are given free housing. There are really great case studies about this in Massachusetts and some other places, how they're giving housing before oftentimes, our own Americans, including sometimes retired veterans, are provided with housing. This all comes down to the housing crunch and already having a low housing supply. So what are some more your thoughts about just how much of a layup or a handout should we give new immigrants?   George Gilder  27:42 Housing technology is going to be transformed by the material science revolution that is epitomized by graphene, this miracle material I was describing. I think part of the problem is real estate enterprise is over regulated, and there are too many obstacles to the building of innovative new forms of housing. In 20 years, it'll be hard to recognize many of the structures that emerge as a result of real revolution in material science that is epitomized by this graphene age that I've been describing, and that also will transform electronics as well, and part housing can become a kind of computer platform as Elon Musk is transforming the auto business by seeing Tesla is really a new form of computer platform. I believe there's going to be an Elon Musk of real estate who is going to re envisage housing as a new form of building a computer platform that makes intelligent houses of the future that will be both cheaper and more commodious for human life.   Keith Weinhold  29:12 Real estate is rather old and slow moving when we think about technology in real estate, maybe what comes to mind are smart thermostats, smart doorbells, or 3d printed homes. When we come back, we're going to learn more about graphene and what it can do in real estate in the nanocosm revolution. Our guest is George Gilder. We talked about economics. We're coming back to talk about technology. I'm your host. Keith Weinhold. Keith Weinhold  Hey, you can get your mortgage loans at the same place where I get mine, at Ridge lending group NMLS, 42056, they provided our listeners with more loans than any provider in the entire nation because they specialize in income properties. They help you build a long term plan for growing your real estate empire with less. Ridge you can start your pre qualification and chat with President Caeli Ridge personally. Start now while it's on your mind at ridgelendinggroup.com That's ridgelendinggroup.com. Your bank is getting rich off of you. The national average bank account pays less than 1% on your savings. If your money isn't making 4% you're losing your hard earned cash to inflation. Let the liquidity fund help you put your money to work with minimum risk, your cash generates up to an 8% return with compound interest year in and year out, instead of earning less than 1% sitting in your bank account, the minimum investment is just 25k you keep getting paid until you decide you want your money back. Their decade plus track record proves they've always paid their investors 100% in full and on time. And I would know, because I'm an investor too, earn 8% hundreds of others are text FAMILY to 66866, learn more about freedom. Family Investments Liquidity Fund on your journey to financial freedom through passive income. Text FAMILY to 66866.   Dolf Deroos  31:19 This is the king of commercial real estate. Dolph de Roos, listen to get rich education with Keith Weinhold, and don't quit your Daydream.   Keith Weinhold  31:32 Welcome back to Get Rich Education. We're joined by an illustrious, legendary guest, George Gilder, among being other things, including a prolific writer. He's also the former speechwriter to presidents Reagan and Nixon. He's got a really illustrious and influential career. George, you've been talking about graphene, something that I don't think our audience is very familiar with, and I'm not either. Tell us about graphene promise in real estate.   George Gilder  31:59 Well, back in Manchester, England, in 2004 graphene was first discovered and formulated. It actually was submerged before then, but the Nobel Prizes were awarded to Geim and Novoselov in2010.  So this is a new material that all of us know when we use a lead pencil, a lead is graphite, and graphene is a single layer of graphite. And it turns out, many people imagined if you had a single layer of graphite, it would just break up. It would not be useful.   Keith Weinhold  32:42 We're talking super thin, like an atom.   George Gilder  32:45 Yeah, it's an atom thick, but still, it turns out that it has miraculous properties, that it's 200 times stronger than steel. If you put it in a trampoline, you couldn't see the trampoline, but you could bounce on it without go following through it. It can stop bullets. It means you can have invisible and almost impalpable bulletproof vests, and you mix it with concrete, and the concrete is becomes 35% stronger, even parts per million of graphene can transform the tensile strength of concrete, greatly reduce the amount you need, and enable all sorts of new architectural shapes and capabilities. We really are in the beginning of a new technological age, and all depressionary talk you hear is really going to be eclipsed over coming decades by the emergence of whole an array of new technologies, graphene, for instance, as a perfect film on wafer of silicon carbide and enable what's called terahertz electronics, which is trillions of cycles a second like light rather than billions of cycles a second like or Nvidia or L silicon chips, and it really obviates chips, because you what it allows is what's called wafer scale integration of electronics, and today, it the semiconductor industry, and I've written 10 books on semiconductors over the years, but the semiconductor industry functions by 12 inch wafers that get inscribed with all sorts of complex patterns that are a billionth of a meter in diameter. These big wafers and then the way. First get cut up into 1000s of little pieces that each one gets encapsulated in plastic packages and by some remote Asian islands, and then get implanted on printed circuit boards that arrayed in giant data centers that now can on track to consume half the world's energy over the next 20 years, and these new and all this technology is ultimately going to be displaced by wafer scale integration on The wafer itself. You can have a whole data center on a 12 inch wafer with no chips. It's on the wafer itself. And this has been recently announced in a paper from Georgia Tech by a great scientist named Walter de Heere. And it's thrilling revolution that that render as much as Silicon Valley obsolescent and opens up just huge opportunities in in construction and real estate and architecture and medicine and virtually across the range of contemporary industry.   Keith Weinhold  36:20 You wrote a book about blockchain and how we're moving into the post Google world is what you've called it. So is this graphene technology that you're discussing with us here? Is that part of the next thing, which you're calling the nanocosm revolution?   George Gilder  36:36 The microcosm was an earlier book the quantum revolution and economics and technology. I thought I wrote years ago called microcosm.   Keith Weinhold  36:46 Okay, we're getting smaller than microcosm now in nanocosm.   36:49 that was microns, that was millionths of a meter dimensions of the transistors and devices and silicon chips, the nanocosm is a billionth of the meter. It's 1000 times smaller the features and electronics of the future, and we're moving from the microcosm into the nanocosm. New materials like graphene epitomize this transformation. You know, people think that these giant data centers all around the world, which are amazing structures, but half the energy in these data centers are devoted to removing the heat rather than fueling the computation. And I believe these data centers are represent a kind of IBM mainframe of the current era. When I was coming up, people imagined that a few 100 IBM mainframe computers, each weighing about a ton, would satisfy all the world's needs for computation, and that new artificial minds could be created with these new IBM mainframes. And it's the same thing today, only we're talking about data centers, and I believe that the coming era will allow data centers in your pocket and based on graphene electronics, and wait for scale integration, a whole new paradigm that will make the current data centers look like obsolete, old structures that need to be revitalized.   Keith Weinhold  38:37 Around 2007 Americans and much of the world, they got used to how it feels to have the power of a computer in their pocket with devices like the iPhone. How would it change one's everyday life to have effectively a data center in their pocket?   38:54 This means that we no longer would be governments of a few giant companies hearing a singular model of intelligence. That's what's currently envisaged, that Google Brain or Facebook or these giant data setters would sum up all human intelligence and in a particular definition, but there are now 8 billion human beings on earth, and each of our minds is as densely connected as the entire global internet. And while the global Internet consumes error watts, trillions of watts of power, or brains. Each of these 8 billion human minds functions on 12 to 14 watts, or it's billions of times less than these data center systems. On the internet. I believe that technology works to the extent that it expands human capabilities, not to the extent that it displaces human capabilities. The emergence of distributed databases in all our pockets, distributed knowledge and distributed creativity can revitalize the whole world economy and open new horizons that are hard to imagine today, as long as we don't, all of a sudden decide that we live in a material universe where everything is scarce and successes by one person come at the expense of somebody else, as long as that zero sum model doesn't prevail, right? Human opportunities are really unlimited. Most of economics has been based on a false model of scarcity, the only thing that's really scarce is time. Imagination and creativity are really infinite.   Keith Weinhold  41:10 Yes, well, if someone wants to learn more about graphene in the nanocosm revolution, how can you help them? What should they do?   41:18 They can read my newsletters. I have a company with four newsletters. I write the Gilder Technology Report. Much of the time I write, John Schroeder writes moonshots, which is and I have a Gilder Private Reserve that reaches out with our crowd and Israel, and a lot of those graph gene companies in Israel are part of our Private Reserve. And I do Gilders Guide posts, and those are all available getgilder.com.   Keith Weinhold  41:56 if you'd like to learn more about George and his popular newsletter called the Gilder Technology Report. You can learn more about that at get gilder.com George, it's been an enlightening conversation about economics and where society is moving next. Thanks so much for coming on to the show.   George Gilder  42:16 Thank you, Keith. I really appreciate it.   Keith Weinhold  42:24 yeah, a forward looking discussion with the great George Gilder. Forbes said graphene may be the next multi trillion dollar material. George will tell you that you want to get into graphene now, while the biggest gains are still ahead. If it interests you in at least learning more, check out his video resource. It's free. There's also an opportunity for you to be an investor. You can do all of that and more at getgilder.com again getguilder.com until next week. I'm your host. Keith Weinhold. Don't Quit Your Daydream.   43:04 nothing on this show should be considered specific, personal or professional advice. Please consult an appropriate tax, legal, real estate, financial or business professional for individualized advice. Opinions of guests are their own. Information is not guaranteed. All investment strategies have the potential for profit or loss. The host is operating on behalf of Get Rich Education LLC, exclusively.   Keith Weinhold  43:32 The preceding program was brought to you by your home for wealth building. GetRichEducation.com

In 2018, economist William Nordhaus won the Nobel Memorial Prize in Economic Sciences for his Dynamic Integrated Climate-Economy model, which was the first neoclassical growth model to incorporate the impacts of a warming planet on the global economy.  While celebrated for its economic innovations, the DICE model and its outputs have been criticized by climate scientists for not adequately considering the devastating impacts that a rapidly warming planet will have on the environment, human wellbeing, and the economy.  Conventional attempts of forecasting GDP impacts of a one degree increase in global temperatures using the DICE model typically produce estimates of little more than a 1% decrease in global GDP. Critics argue that by downplaying the future economic costs resulting from a warming planet, these types of economic models make it easier for policymakers to justify delaying actions now to reduce emissions and slow or even stop global warming. But in a new paper titled "The Macroeconomic Impact of Climate Change: Global vs Local Temperature", Dr. Adrien Bilal and Dr. Diego Kaenzig unveil a new model to predict the impact that global warming will have on the global economy. Their findings suggest previous studies were significantly off and, in fact, global GDP will be drastically reduced if the planet continues to warm on its current trajectory. Dr. Bilal and Dr. Kaenzig join The Climate Pod to discuss their new paper, how their approach differed from previous attempts at quantifying the economic impact of climate change, and what this means for policymakers. Dr. Adrien Bilal is an Assistant Economics Professor at Harvard University. Dr. Diego Kaenzig is an Assistant Economics Professor at Northwestern University. Read the paper here: https://www.nber.org/papers/w32450 As always, follow us @climatepod on Twitter and email us at theclimatepod@gmail.com. Our music is "Gotta Get Up" by The Passion Hifi, check out his music at thepassionhifi.com. Rate, review and subscribe to this podcast on iTunes, Spotify, Stitcher, and more! Subscribe to our YouTube channel! Join our Facebook group.

Support us on Patreon... Tennant, Luke and Frankie are calling all Summerupperers to come join the expanded LMSU universe and support our Patreon! Sign up for access to covetous BoCo like bonus episodes, our notes on papers read, custom memes and climate mash ups of 70s soul hits! Head on over to https://www.patreon.com/LetMeSumUp.—Your intrepid hosts still have the Need for Speed(y decarbonisation of vehicles) and clocked the New (and improved?) Vehicle Efficiency Standard completed its warm up lap and with industry all signed up now and cheering from the sidelines, it's go time and we'll soon find out if the Parliament believes two electric popemobiles will balance out a stretch hummer after all! We revisit our previous episode on the NVES and discuss the changes. Was the original B and ambit claim? Were 4WDs always going to end up switching categories? That may be but we reckon this is still more of a vroom vroom than a putt putt and it will drive a lot of change in new fleets by 2030!Our main paperThis week we enter the twilight zone that is the Gas Statement of Opportunties 2024, more affectionately known by regular customers as the GSOO. In this 2024 edition where new supplies of gas are the ONLY solutions contemplated to forecast shortages towards the end of the decade, your intrepid hosts had some *cough* thoughts about the role of *cough* demand side policy maybe being a thing and also it would be nice if any of the scenarios used were actually aligned to meeting our climate commitments. HOOEEEE we had fun beating this pinata full of charts and magic gas ships!One more thingsTennant's One More Thing is a new paper from our old friend William Nordhaus, updating the widely beloved DICE Integrated Assessment Model with less wildly erroneous inputs and incrementally more functional representations of the world!Frankie's One More Thing is a reflection on the climate legislation PALOOZA going on in Parliament with three bills introduced for vehicle efficiency standards, Climate Related Financial Disclosures and setting up the Net Zero Economy Authority. And wouldn't you all like to know what we thought of that! Look no further than our Patreon where we've just dropped a BoCo episode on just that! Luke's One More Thing is a big salute to colleague and friend of the pod, Holly Taylor, the Energy Efficiency Council's outgoing Head of Partnerships and Strategy. Oft described as energy efficiency's Hype Woman, Holly's impact and infectious enthusiasm will be much missed! If YOU dear Summerupperer are contemplating a career shift and fancy a purpose-driven stint as the EEC's new Head of Partnerships, have a look here for all the deets to apply!And that's all from us Summerupperers! Support our Patreon at patreon.com/LetMeSumUp, send your hot tips and suggestions for papers to us at mailbag@letmesumup.net and check out our back catalogue at letmesumup.net.

Hear from Dr. Erica Thompson, as we examine the modelling ecosystem and when we need to escape it to make real-world decisions. Climate science – like many areas of our lives, such as economics or public health – is based upon models. These models are often used to justify certain courses of action, such as investments in climate mitigation or adaptation, or even lock downs during the pandemic. But what makes a ‘good model'?  Is it purely how well it forecasts?  Or are there other aspects that we need to consider, such as reliability, complexity, and how well it deals with uncertainty? And who gets to decide how good a model is? In this episode, we'll take a closer look at these questions and explore some of the nuances of models, including: ·       How to judge how good a model is, ·       The vital importance of understanding the values which underpin models ·       And how models have the power to shape the very future which they forecast. To find out more about the Sustainability and Climate Risk (SCR®) Certificate, follow this link: https://www.garp.org/scr For more information on climate risk, visit GARP's Global Sustainability and Climate Risk Resource Center: https://www.garp.org/sustainability-climate If you have any questions, thoughts, or feedback regarding this podcast series, we would love to hear from you at: climateriskpodcast@garp.com Links from today's discussion: Praise for Escape From Model Land: https://www.ericathompson.co.uk/books/ IPCC Working Group III 2022 Mitigation of Climate Change report: https://www.ipcc.ch/report/ar6/wg3/downloads/report/IPCC_AR6_WGIII_SummaryForPolicymakers.pdf Yale's William Nordhaus wins 2018 Nobel Prize in Economics: https://news.yale.edu/2018/10/08/yales-william-nordhaus-wins-2018-nobel-prize-economic-sciences   Speaker's Bio Erica Thompson, Associate Professor of Modelling for Decision Making at UCL's Department of Science, Technology, Engineering and Public Policy Erica's book, Escape from Model Land: How Mathematical Models Can Lead Us Astray and What We Can Do About It, was published in December 2022 and was shortlisted for Best Maths Book of 2022 by Chaulkdust Magazine, a specialist magazine for mathematicians. Erica moved into her current role in April 2023, where she investigates the appropriate use of mathematical modelling to support real-world decisions, from mathematical and statistical questions about methodologies of inference from models, to psycho-social questions about the formation of confidence and the role of expert judgement. Erica is also a Fellow of the London Mathematical Laboratory, where she leads the research programme on Inference from Models, and is a Visiting Senior Fellow at the LSE Data Science Institute. Erica previously held a series of roles at the LSE's Centre for the Analysis of Time Series, initially as a Senior Policy Fellow, and subsequently as Co-Director and Acting Director. Erica holds a BA in Experimental and Theoretical Physics and a Master of Mathematics degree from Cambridge University. She completed her PhD in Physics at Imperial College London.

Loren Eiseley was a paleontologist more famed for his beautiful writing than for scientific discoveries, a fact that both oppressed and liberated him. In his book, “The Night Country”, Eiseley discusses his childhood exploring underground worlds and compares this with his work as a scientist and writer. He deals with questions such as “the ghost in the machine”, the purpose of civilization and (cultural) evolution, and philosophical evil. Alex Sheremet is joined by radical climate activist Arnold Schroder of the Fight Like An Animal podcast to discuss Loren Eiseley's text and its implications. You can also watch this discussion on our YouTube channel: https://www.youtube.com/watch?v=w4rJV3bZVQQ Arnold Schroder's website: https://www.againsttheinternet.com/ Arnold Schroder's Twitter: https://twitter.com/arnold_schroder To get the B Side to this conversation, support us on our Patreon page for patron-only content: https://www.patreon.com/automachination B Side topics: the final chapters of Loren Eiseley's “The Night Country”; Arnold's experiences with “terrifying” nighttime cattle; subject-object distinction in nighttime experience; Francis Bacon as the Great Synthesizer; mysticism among scientists; scientific research has liberalized stylistically; Loren Eiseley chooses an owl's life over scientific discovery; how to deal with libertarian moral calculus; Eiseley's characterization of human beings out of time; “Give me my crown – I have immortal longings in me!”; how Alex might have survived five centuries ago; Eiseley's most beautiful passages; returning to one's roots & losses; human integration; Arnold Schroder on Franz Kafka; Kafka vs. Orson Welles (The Trial); what Arnold Schroder learned of from Palestine and the Israel-Hamas war; the erosion of media consensus; chaos, the Internet, & balance of power; did Elon Musk save the world by being an idiot; Hillary Clinton would have prosecuted activists for terrorism; William Nordhaus & the falsification of climate science; the hothouse Earth scenario; why climate scientists aren't allowed to do science; affirmative action; we can't take the Supreme Court seriously; Arnold Schroder's "World Tree Center" Subscribe to the ArtiFact podcast on Spotify: https://spoti.fi/3xw2M4D Apple Podcasts: https://apple.co/3wLpqEV Google Podcasts: https://bit.ly/3dSQXxJ Amazon Music: https://amzn.to/2SVJIxB Podbean: https://bit.ly/3yzLuUo iHeartRadio: https://ihr.fm/3AK942L Read more from the automachination universe: https://automachination.com Read Alex's (archived) essays: https://alexsheremet.com Follow us on Twitter: https://twitter.com/automachination Timestamps: 1:02 – introduction to Loren Eiseley; Arnold Schroder's “uncanny” relationship with Loren Eiseley's “The Night Country”; the Robert Lanza connection; the scientist-artist as outsider; the fugitive as archetype; the natural philosopher in 2023 10:04 – Arnold Schroder & the Fight Like An Animal Podcast = natural philosophy; is there an innately special mind; Loren Eiseley's nostalgia for the night; the book's foreword as a framing device; privileged experience can disrupt science 24:40 –night & nostalgia; night in human evolution; Arnold Schroder's encounters with mountain lions 31:13 – concept of evil; how childhood helps define evil; adults wish to explain away injustice; Loren Eiseley's textual transfiguration; the Rat as character & fulcrum; how intelligence thrives in unexpected niches; human variability; academia increases defensiveness 51:18 – a sardonic rat; the world's garden; human aesthetics are biologically expensive; how much wealth is necessary for happiness; synthetic biology and algae-based economies 58:55 – the train derelict in Night Country; Loren Eiseley's use of symbolic statements; how civilization moves, evolves without purpose; extremely long 19th century novels are a regressive tax; the language used for free will and determinism is confused 01:12:50 – Francis Bacon & Loren Eiseley's conversations with ancients; drawing lessons from history; the attraction to ephemeral novelty; reading, politics, & dopamine addiction; Alex's dystopian experience with Artificial Intelligence; previewing the Patreon show Tags: #books #philosophy #science

Dans un rapport publié en amont de la COP 28, qui démarre jeudi 30 novembre à Dubaï, l'ONG Finance Watch dénonce l'influence néfaste des économistes. Elle les accuse de sous-estimer les conséquences du réchauffement climatique. Selon l'ONG, leurs prévisions optimistes ralentissent l'action politique. Et c'est un expert de cette matière qui l'affirme. Thierry Philipponat, le fondateur de Finance Watch en est aujourd'hui le chef économiste. Cette ONG basée à Bruxelles cherche à rendre la finance plus utile à la société. Son constat : le calcul des prévisions de croissance intégrant la hausse des températures qui servent de base à l'action des gouvernants est erroné. Finance Watch prend l'exemple des prévisions trop rassurantes émises par le NGFS, le réseau des banques centrales pour le verdissement de la finance. Ce réseau réunit plus d'une centaine de banques centrales et il fournit chaque année des prévisions de croissance intégrant les différents scénarios possibles du réchauffement. D'après leur dernière prévision publiée au début du mois, 3,5 degrés en plus d'ici à la fin du siècle, ce qui est considéré comme un scénario catastrophe par les climatologues, ferait perdre 7 à 14 % de PIB. Une perte qui parait relativement surmontable.À lire aussiBilan mondial, énergies fossiles, finance climatique: la COP28 prendra-t-elle le virage attendu?Une prévision biaisée, car elle fait l'impasse sur des données très concrètes des bouleversements qu'on est en train de vivreThierry Philipponat constate que la hausse du niveau des océans et les migrations concomitantes du réchauffement sont des paramètres totalement ignorés dans les prévisions du réseau ; ces phénomènes de grande ampleur auront pourtant un fort impact sur l'économie. Le Conseil de stabilité financière, l'organe de régulation du G20, minorise lui aussi la destruction de PIB que provoquera le réchauffement. Idem pour le modèle proposé par l'Américain William Nordhaus consacré par un prix Nobel d'économie en 2018. Ses travaux, salués pour l'intégration du changement climatique, sont aussi très critiqués pour leur sous-évaluation systématique des dommages causés par la hausse des températures.Comment expliquer cette sous-évaluation systématique ?L'économie fonctionne encore sur des concepts hérités du 19ᵉ siècle. Le modèle dit de l'équilibre général suppose que, passé le choc d'une crise, l'économie tend à revenir à un niveau d'équilibre. Ce qui est valable pour la crise financière de 2008 ou pour la crise provoquée par le Covid ne l'est plus du tout pour la crise climatique. Parce que celle-ci implique des modifications profondes et irrémédiables de notre environnement. Des éléments que les économistes dominants dans les organes de régulation peinent à intégrer dans leur modèle. Ce n'est pas seulement un problème de méthode. Les modèles alternatifs existent, ils aboutissent à des prévisions alarmantes, le modèle dit exponentiel prévoit la destruction quasi-totale de l'économie d'ici à la fin du siècle avec une hausse de 3° des températures. Pas vraiment un discours audible aujourd'hui. D'autant plus que les conséquences des actions d'aujourd'hui ne seront pas perceptibles avant une échéance lointaine. Très lointaine pour les décideurs comme pour les marchés.

durée : 00:04:17 - Le Pourquoi du comment : économie et social - par : Dominique Méda - Nous continuons nos réflexions sur la manière dont les sciences envisagent le changement climatique. Un économiste en particulier s'est beaucoup intéressé à la question, en produisant des travaux controversés : il s'agit de William Nordhaus.

Your intrepid hosts start this week's rollicking rollercoaster by recounting the annual rending of clothes and gnashing of teeth that arises from AEMO's Gas Statement of Opportunities, affectionately(?) known as the GSOO! How worried should we be about the market operator's forecast on next year's demand and longer term outlook on the supply of fossil gas? You may be shocked that there were differing perspectives out there in energy land (including some very sensible suggestions from friend of the pod Tristan Edis)! A shout out to Thomas Longden, one of the authors of last pod's paper on hydrogen production emissions and costs, who reached out to us - Hi! - and pointed us in the direction of a handy explainer they'd written up on the paper in The Conversation. Well worth a read, however this plug should not be taken as encouragement for Summeruperers to defect from the pod and seek other handy explainers!Speaking of defectors, you wouldn't be doing too great in the world of Bill's Angels if the Norhausian thesis on climate clubs had made its way to the climate zeitgeist. We are indeed speaking of the eminent, illustrious, notorious economist and father of integrated assessment models (yep those pesky IAMs), William Nordhaus, whose 2015 paper Climate Clubs: Overcoming Free-riding in International Climate Policy your intrepid hosts tackle this week. Luke and Frankie sleep-walked into Tennant's trap on this one, as well as another, far more sensible, paper on climate clubs, Climate clubs: politically feasible and desirable? written by Robert Falkner, Naghmeh Nasiritousix and Gunilla Reischl. And because we really are that tragic we also unpack the G7's recent announcement of a climate club, its terms of reference and our best feelpinions on how that might go!Frankie's One More Thing is a neat bit of analysis from the IEA on the record fall in fossil gas demand in Europe in 2022. Weather, renewables growth, electrification and behaviour change all get a guernsey! Luke's One More Thing is the EU parliament's recent passing of an amendment to the Energy Performance of Buildings Directive to up the ante on renovation rates and performance of the EU's poorer performing building stock. Woot! Off to trilogues it goes, however not without some controversy in the form of a carve out for ‘renewable gas-ready' boilers.Tennant's One More Thing is the Productivity Commission's 5-year Productivity Inquiry report, Advancing Prosperity. Or more specifically, volume 6 of this 1,000 page monster, Managing the climate transition. Expand the Safeguard? Rubbish other policies? Tennant has thoughts! And that's all from us this week Summerupperers! We shall see you next time and until then, please keep tweeting your thoughts to us at @LukeMenzel, @TennantReed and @FrankieMuskovic and if you would like to weave some golden threads through our back catalogue, give us your feelpinions or suggest papers to read we are always here for that - hit us up at mailbag@letmesumup.net.

With "Half Earth Socialism" Drew Pendergrass and Troy Vettese want to provide a plan to save the earth and bring the good life to all. Collaborative Podcast Transcription If you would like to support Future Histories by contributing to the collaborative transcription of episodes, please contact us at: transkription@futurehistories.today (German) Kollaborative Podcast-Transkription FAQ: shorturl.at/eL578 Shownotes Drew Pendergrass‘ Website: http://www.drewpendergrass.com/ Drew on Twitter: https://twitter.com/pendergrassdrew Troy Vettese at the European University Institute: https://www.eui.eu/people?id=troy-vettese Troy on Twitter: https://twitter.com/TroyVettese Pendergrass, Drew and Vettese, Troy. 2022. "Half-Earth Socialism: A Plan to Save the Future from Extinction, Climate Change and Pandemics“. Verso Books: https://www.versobooks.com/books/3818-half-earth-socialism Further material: Wiki on Bioenergy with Carbon Capture & Storage (BECCS): https://en.wikipedia.org/wiki/Bioenergy_with_carbon_capture_and_storage Wiki on Thomas Malthus: https://en.wikipedia.org/wiki/Thomas_Robert_Malthus Wiki on Malthusianism: https://en.wikipedia.org/wiki/Malthusianism Wiki on Ludwig Von Mises: https://en.wikipedia.org/wiki/Ludwig_von_Mises  Otto Neurath at Monoskop: https://monoskop.org/Otto_Neurath Isotype (picture language developed by Otto Neurath): https://en.wikipedia.org/wiki/Isotype_(picture_language) Wiki on Leonid Kantorovich: https://en.wikipedia.org/wiki/Leonid_Kantorovich Cockshott, Paul. 2010. „Von Mises, Kantorovich and in-natura calculation.“ In European Journal of Economics and Economic Policies Intervention 7(1): 167-199: https://www.researchgate.net/publication/46547387_Von_Mises_Kantorovich_and_in-natura_calculation Wiki on Edward Osborne Wilson: https://en.wikipedia.org/wiki/E._O._Wilson Dice Model by William Nordhaus: https://williamnordhaus.com/dicerice-models Wiki on Stafford Beer: https://en.wikipedia.org/wiki/Stafford_Beer Stafford Beer at Monoskop: https://monoskop.org/Stafford_Beer Wiki on Viable System Model: https://en.wikipedia.org/wiki/Viable_system_model Medina, Eden. 2011. "Cybernetic revolutionaries: technology and politics in Allende's Chile". Mit Press: https://mitpress.mit.edu/books/cybernetic-revolutionaries "Designing Freedom" - The 1973 CBC Massey Lectures by Stafford Beer [audio]: https://www.cbc.ca/radio/ideas/the-1973-cbc-massey-lectures-designing-freedom-1.2946819 "Designing Freedom" - The 1973 CBC Massey Lectures by Stafford Beer [pdf via Internet Archive]: https://archive.org/details/designingfreedom00beer/mode/2up Intergovernmental Panel on Climate Change (IPCC) Report: https://www.ipcc.ch/report/ar6/wg3/  Wiki on the State Planning Committee (Gosplan): https://en.wikipedia.org/wiki/Gosplan Wiki on János Kornai: https://en.wikipedia.org/wiki/J%C3%A1nos_Kornai Further Future Histories Episodes on related topics: S02E11 | James Muldoon on Platform Socialism: https://www.futurehistories.today/episoden-blog/s02/e11-james-muldoon-on-platform-socialism/ S02E10 | Aaron Benanav on Associational Socialism and Democratic Planning: https://www.futurehistories.today/episoden-blog/s02/e10-aaron-benanav-on-associational-socialism-and-democratic-planning/ S01E58 | Jasper Bernes on Planning and Anarchy: https://www.futurehistories.today/episoden-blog/s01/e58-jasper-bernes-on-planning-and-anarchy/ [German] S01E51 | Timo Daum zur unsichtbaren Hand des Plan: https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/ S01E45 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (part 2/2): https://www.futurehistories.today/episoden-blog/s01/e45-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-2-2/ S01E44 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (part 1/2): https://www.futurehistories.today/episoden-blog/s01/e44-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-1-2/ [German] S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft: https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/  S01E16 | Richard Barbrook on Imaginary Futures: https://www.futurehistories.today/episoden-blog/s01/e16-richard-barbrook-on-imaginary-futures/   If you like Future Histories, you can help with your support on Patreon: https://www.patreon.com/join/FutureHistories? Write me at office@futurehistories.today and join the discussion on Twitter (#FutureHistories): https://twitter.com/FutureHpodcast or on Reddit: https://www.reddit.com/r/FutureHistories/ or on YouTube: https://www.youtube.com/channel/UCfRFz38oh9RH73-pWcME6yw www.futurehistories.today Episode Keywords: #Half-Earth, #DrewPendergrass #TroyVettese #JanGroos, #FutureHistories, #Podcast, #Interview, #Socialism, #Planning, #SystemChange, #Capitalism, #Degrowth, #Democracy, #EnvironmentalCrisis, #EcologicalLimits, #Ecosocialism, #Climatemodel, #In-naturaCalculation, #LinearProgramming, #Cybernetics, #OttoNeurath, #DemocraticEconomicPlanning  

With "Half Earth Socialism" Drew Pendergrass and Troy Vettese want to provide a plan to save the earth and bring the good life to all.Collaborative Podcast TranscriptionIf you would like to support Future Histories by contributing to the collaborative transcription of episodes, please contact us at:transkription@futurehistories.today(German) Kollaborative Podcast-Transkription FAQ:shorturl.at/eL578 ShownotesDrew Pendergrass‘ Website:http://www.drewpendergrass.com/Drew on Twitter:https://twitter.com/pendergrassdrewTroy Vettese at the European University Institute:https://www.eui.eu/people?id=troy-vetteseTroy on Twitter:https://twitter.com/TroyVettesePendergrass, Drew and Vettese, Troy. 2022. "Half-Earth Socialism: A Plan to Save the Future from Extinction, Climate Change and Pandemics“. Verso Books:https://www.versobooks.com/books/3818-half-earth-socialismFurther material:Wiki on Bioenergy with Carbon Capture & Storage (BECCS):https://en.wikipedia.org/wiki/Bioenergy_with_carbon_capture_and_storageWiki on Thomas Malthus:https://en.wikipedia.org/wiki/Thomas_Robert_MalthusWiki on Malthusianism:https://en.wikipedia.org/wiki/MalthusianismWiki on Ludwig Von Mises:https://en.wikipedia.org/wiki/Ludwig_von_Mises  Otto Neurath at Monoskop:https://monoskop.org/Otto_NeurathIsotype (picture language developed by Otto Neurath):https://en.wikipedia.org/wiki/Isotype_(picture_language)Wiki on Leonid Kantorovich:https://en.wikipedia.org/wiki/Leonid_KantorovichCockshott, Paul. 2010. „Von Mises, Kantorovich and in-natura calculation.“ In European Journal of Economics and Economic Policies Intervention 7(1): 167-199:https://www.researchgate.net/publication/46547387_Von_Mises_Kantorovich_and_in-natura_calculationWiki on Edward Osborne Wilson:https://en.wikipedia.org/wiki/E._O._WilsonDice Model by William Nordhaus:https://williamnordhaus.com/dicerice-modelsWiki on Stafford Beer:https://en.wikipedia.org/wiki/Stafford_BeerStafford Beer at Monoskop:https://monoskop.org/Stafford_BeerWiki on Viable System Model:https://en.wikipedia.org/wiki/Viable_system_modelMedina, Eden. 2011. "Cybernetic revolutionaries: technology and politics in Allende's Chile". Mit Press:https://mitpress.mit.edu/books/cybernetic-revolutionaries"Designing Freedom" - The 1973 CBC Massey Lectures by Stafford Beer [audio]:https://www.cbc.ca/radio/ideas/the-1973-cbc-massey-lectures-designing-freedom-1.2946819"Designing Freedom" - The 1973 CBC Massey Lectures by Stafford Beer [pdf via Internet Archive]:https://archive.org/details/designingfreedom00beer/mode/2upIntergovernmental Panel on Climate Change (IPCC) Report:https://www.ipcc.ch/report/ar6/wg3/ Wiki on the State Planning Committee (Gosplan):https://en.wikipedia.org/wiki/GosplanWiki on János Kornai:https://en.wikipedia.org/wiki/J%C3%A1nos_KornaiFurther Future Histories Episodes on related topics:S02E11 | James Muldoon on Platform Socialism:https://www.futurehistories.today/episoden-blog/s02/e11-james-muldoon-on-platform-socialism/S02E10 | Aaron Benanav on Associational Socialism and Democratic Planning:https://www.futurehistories.today/episoden-blog/s02/e10-aaron-benanav-on-associational-socialism-and-democratic-planning/S01E58 | Jasper Bernes on Planning and Anarchy:https://www.futurehistories.today/episoden-blog/s01/e58-jasper-bernes-on-planning-and-anarchy/[German] S01E51 | Timo Daum zur unsichtbaren Hand des Plan:https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/S01E45 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (part 2/2):https://www.futurehistories.today/episoden-blog/s01/e45-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-2-2/S01E44 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (part 1/2):https://www.futurehistories.today/episoden-blog/s01/e44-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-1-2/[German] S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft:https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/ S01E16 | Richard Barbrook on Imaginary Futures:https://www.futurehistories.today/episoden-blog/s01/e16-richard-barbrook-on-imaginary-futures/ If you like Future Histories, you can help with your support on Patreon:https://www.patreon.com/join/FutureHistories?Write me at office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit:https://www.reddit.com/r/FutureHistories/or on YouTube:https://www.youtube.com/channel/UCfRFz38oh9RH73-pWcME6ywwww.futurehistories.todayEpisode Keywords:#Half-Earth, #DrewPendergrass #TroyVettese #JanGroos, #FutureHistories, #Podcast, #Interview, #Socialism, #Planning, #SystemChange, #Capitalism, #Degrowth, #Democracy, #EnvironmentalCrisis, #EcologicalLimits, #Ecosocialism, #Climatemodel, #In-naturaCalculation, #LinearProgramming, #Cybernetics, #OttoNeurath, #DemocraticEconomicPlanning 

With "Half Earth Socialism" Drew Pendergrass and Troy Vettese want to provide a plan to save the earth and bring the good life to all.Collaborative Podcast TranscriptionIf you would like to support Future Histories by contributing to the collaborative transcription of episodes, please contact us at:transkription@futurehistories.today(German) Kollaborative Podcast-Transkription FAQ:shorturl.at/eL578 ShownotesDrew Pendergrass‘ Website:http://www.drewpendergrass.com/Drew on Twitter:https://twitter.com/pendergrassdrewTroy Vettese at the European University Institute:https://www.eui.eu/people?id=troy-vetteseTroy on Twitter:https://twitter.com/TroyVettesePendergrass, Drew and Vettese, Troy. 2022. "Half-Earth Socialism: A Plan to Save the Future from Extinction, Climate Change and Pandemics“. Verso Books:https://www.versobooks.com/books/3818-half-earth-socialismFurther material:Wiki on Bioenergy with Carbon Capture & Storage (BECCS):https://en.wikipedia.org/wiki/Bioenergy_with_carbon_capture_and_storageWiki on Thomas Malthus:https://en.wikipedia.org/wiki/Thomas_Robert_MalthusWiki on Malthusianism:https://en.wikipedia.org/wiki/MalthusianismWiki on Ludwig Von Mises:https://en.wikipedia.org/wiki/Ludwig_von_Mises  Otto Neurath at Monoskop:https://monoskop.org/Otto_NeurathIsotype (picture language developed by Otto Neurath):https://en.wikipedia.org/wiki/Isotype_(picture_language)Wiki on Leonid Kantorovich:https://en.wikipedia.org/wiki/Leonid_KantorovichCockshott, Paul. 2010. „Von Mises, Kantorovich and in-natura calculation.“ In European Journal of Economics and Economic Policies Intervention 7(1): 167-199:https://www.researchgate.net/publication/46547387_Von_Mises_Kantorovich_and_in-natura_calculationWiki on Edward Osborne Wilson:https://en.wikipedia.org/wiki/E._O._WilsonDice Model by William Nordhaus:https://williamnordhaus.com/dicerice-modelsWiki on Stafford Beer:https://en.wikipedia.org/wiki/Stafford_BeerStafford Beer at Monoskop:https://monoskop.org/Stafford_BeerWiki on Viable System Model:https://en.wikipedia.org/wiki/Viable_system_modelMedina, Eden. 2011. "Cybernetic revolutionaries: technology and politics in Allende's Chile". Mit Press:https://mitpress.mit.edu/books/cybernetic-revolutionaries"Designing Freedom" - The 1973 CBC Massey Lectures by Stafford Beer [audio]:https://www.cbc.ca/radio/ideas/the-1973-cbc-massey-lectures-designing-freedom-1.2946819"Designing Freedom" - The 1973 CBC Massey Lectures by Stafford Beer [pdf via Internet Archive]:https://archive.org/details/designingfreedom00beer/mode/2upIntergovernmental Panel on Climate Change (IPCC) Report:https://www.ipcc.ch/report/ar6/wg3/ Wiki on the State Planning Committee (Gosplan):https://en.wikipedia.org/wiki/GosplanWiki on János Kornai:https://en.wikipedia.org/wiki/J%C3%A1nos_KornaiFurther Future Histories Episodes on related topics:S02E11 | James Muldoon on Platform Socialism:https://www.futurehistories.today/episoden-blog/s02/e11-james-muldoon-on-platform-socialism/S02E10 | Aaron Benanav on Associational Socialism and Democratic Planning:https://www.futurehistories.today/episoden-blog/s02/e10-aaron-benanav-on-associational-socialism-and-democratic-planning/S01E58 | Jasper Bernes on Planning and Anarchy:https://www.futurehistories.today/episoden-blog/s01/e58-jasper-bernes-on-planning-and-anarchy/[German] S01E51 | Timo Daum zur unsichtbaren Hand des Plan:https://www.futurehistories.today/episoden-blog/s01/e51-timo-daum-zur-unsichtbaren-hand-des-plans/S01E45 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (part 2/2):https://www.futurehistories.today/episoden-blog/s01/e45-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-2-2/S01E44 | Benjamin Bratton on Synthetic Catallaxies, Platforms of Platforms & Red Futurism (part 1/2):https://www.futurehistories.today/episoden-blog/s01/e44-benjamin-bratton-on-synthetic-catallaxies-platforms-of-platforms-red-futurism-part-1-2/[German] S01E19 | Jan Philipp Dapprich zu sozialistischer Planwirtschaft:https://www.futurehistories.today/episoden-blog/s01/e19-jan-philipp-dapprich-zu-sozialistischer-planwirtschaft/ S01E16 | Richard Barbrook on Imaginary Futures:https://www.futurehistories.today/episoden-blog/s01/e16-richard-barbrook-on-imaginary-futures/ If you like Future Histories, you can help with your support on Patreon:https://www.patreon.com/join/FutureHistories?Write me at office@futurehistories.today and join the discussion on Twitter (#FutureHistories):https://twitter.com/FutureHpodcastor on Reddit:https://www.reddit.com/r/FutureHistories/or on YouTube:https://www.youtube.com/channel/UCfRFz38oh9RH73-pWcME6ywwww.futurehistories.todayEpisode Keywords:#Half-Earth, #DrewPendergrass #TroyVettese #JanGroos, #FutureHistories, #Podcast, #Interview, #Socialism, #Planning, #SystemChange, #Capitalism, #Degrowth, #Democracy, #EnvironmentalCrisis, #EcologicalLimits, #Ecosocialism, #Climatemodel, #In-naturaCalculation, #LinearProgramming, #Cybernetics, #OttoNeurath, #DemocraticEconomicPlanning 

Geoff Mann talks to James Butler about the economic models developed by William Nordhaus and others, widely used by governments around the world as a tool to tackle climate change. They discuss the moral and practical limitations of Nordhaus's methods, the danger of relying on their predictions, and whether the use of such models is even an appropriate way of confronting environmental crisis.Read Geoff Mann's piece here: https://lrb.me/mannpodRead two pieces from the next issue early:Laleh Khalili on Stanley McChrystal's business guide: https://lrb.me/khalilipodPaul Theroux on V.S. Naipaul: https://lrb.me/therouxpod See acast.com/privacy for privacy and opt-out information.

I det 65:e avsnittet av podden gästas vi av Thomas Sterner. Thomas är professor på Göteborgs universitet och en av Europas främsta miljöekonomer.  Med den senaste IPCC-rapporten färskt i minne börjar vi med en diskussion om hur klimatförändringarna förväntas påverka ekonomin. Thomas förklarar hur man kan räkna på skador som uppstår av klimatförändringar och hur han resonerar kring skador som uppstår många år in i framtiden. Han kontrasterar även sina egna forskningsresultat med ekonomiprofessorn William Nordhaus som 2018 fick Nobelpriset för att “ha infört klimatförändringar i långsiktig makroekonomisk analys”. (Diskussionen här utgår bl.a. från forskningsartikeln “Few and Not So Far Between: A Meta-analysis of Climate Damage Estimates” som Thomas har skrivit tillsammans med sin kollega Peter Howard.) Vi dyker även ner i frågan om koldioxidskatter. Thomas förklarar vad de har haft för roll i omställningen av det svenska energisystemet och delar med sig av anekdoter om när han har missionerat för koldioxidskatter i andra delar av världen.  Avslutningsvis går vi igenom rättviseaspekter kring högre avgifter på att släppa ut koldioxid. Innebär koldioxidskatter en större belastning på de med minst resurser? Och hur kan politiker genomföra dem utan att de väcker motsvarande gula västarna-uppror?

Suite à la demande d'un auditeur, on parle d'emblée de la théorie du donut de Kate Raworth. Vincent est très peu enthousiasmé par «cette théorie» qui n'a de sympathique que le nom. Ensuite, on bifurque sur l'économie de l'environnement pour montrer comment les interventions politiques, notamment tout ce qui a trait à l'achat local, augmentent plus souvent qu'autrement la pollution beaucoup plus que le marché lui-même. Tout au long du podcast, Ian, Frank et Vincent racontent comment les scientifiques et les experts devraient collaborer le moins possible avec les gouvernements puisqu'ils sont utilisés pour justifier tout et n'importe quoi. On prend pour exemple l'économiste William Nordhaus, inventeur de la taxe carbone, (et aussi Richard Tol) dont le travail a été détourné par les politicos ! Si vous voulez la dernière 1/2h où on parle de la gestion de crise pandémique et de comment certaines personnes rejette à liberté pour un peu de sécurité : patreon.com/isenechal Sinon, si vous n'avez pas d'argent, vous pouvez nous aider en regardant ce podcast sur YouTube, en laissant un commentaire et un pouce bleu ou encore en partageant notre contenu sur vos réseaux sociaux. Un gros merci !! Vous pouvez également vous procurer le livre de Vincent Geloso ici, celui de Ian ici et celui de Frank ici --- Send in a voice message: https://podcasters.spotify.com/pod/show/letrioeconomique/message

'The Spirit of Green' is available at the link below https://press.princeton.edu/books/hardcover/9780691214344/the-spirit-of-green In ‘The Spirit of Green', Nobel Prize-winning economist William Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions. In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how the spirit of green thinking provides a compelling and hopeful perspective on modern life. He shows how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society. About the Speaker: William Nordhaus is Sterling Professor of Economics at Yale University, New Haven, Connecticut, USA. His major work focuses on the economics of climate change, developing models that integrated the science, economics, and policies necessary to slow warming. He was awarded the Nobel Prize in Economic Sciences in 2018 "for integrating climate change into long-run macroeconomic analysis." From 1977 to 1979, Professor Nordhaus served as a Member of President Carter's Council of Economic Advisers. From 1986 to 1988, he served as the Provost of Yale University and was President of the American Economic Association from 2015 to 2016. Professor Nordhaus completed his undergraduate work at Yale University in 1963 and received his Ph.D. in Economics in 1967 from the Massachusetts Institute of Technology.

In episode #132 of The CXChronicles Podcast we welcomed Eric Gibbs President, Americas at Ouriginal with headquarters based in Stockholm, Sweden. Ouriginal is the fusion of PlagScan and Urkund, two established and trusted names in plagiarism detection, and an authoritative European voice in the fight against plagiarism. Eric and has team have combined expertise spanning decades, and have helped to build the award-winning software solutions designed to enable educators and other users to assess the authenticity and originality of any text. The company offers its web-based subscription services to academic institutions, corporations and governmental entities to support institutional quality and authenticity of work initiatives.Eric talks about the important lessons that he's learned about optimizing The Four CX Pillars throughout his personal journey and there's tons of valuable insights loaded into this episode.  Episode #132 Highlight Reel: What it was like learning & being mentored by Paul Romer the former Chief Economist of the World Bank and 2018 Nobel Memorial Prize in Economic Sciences (shared with William Nordhaus) for his work in endogenous growth theory.Experience building the world's leading anti-plagiarism software solutionHow failing fast, early & often can lead you to your biggest future successesIf your business is not adaptable, you're on your way to being dead How to rinse, wash & repeat on your customer & employee successHuge thanks to Eric for coming on the CXCP and featuring his team's work and efforts in pushing the plagiarism detection & authenticity and originality of text space into the future.  Click here to learn more about Eric GibbsClick here to learn more about OuriginalIf you enjoy The CXChronicles Podcast, please stop by your favorite podcast player and leave us a review, this is the easiest way we can find new listeners, guests and future CX'ers!Watch  The CXChronicles Podcast On Youtube HereSupport the show (https://cxchronicles.com/)

This week on Down to Business, Yale economist William Nordhaus discusses the economics of climate change.

This week on Down to Business, Yale economist William Nordhaus discusses the economics of climate change.

In this conversation, based on the book The Spirit of Green: The Economics of Collisions and Contagions in a Crowded World, Nobel Prize-winning pioneer in environmental economics Dr. Nordhaus explains how and why “green thinking” could cure many of the world’s most serious problems — from global warming to pandemics. Solving the world’s biggest problems requires, more than anything else, coming up with new ways to manage the powerful interactions that surround us. For carbon emissions and other environmental damage, this means ensuring that those responsible pay their full costs rather than continuing to pass them along to others, including future generations. Nordhaus describes a new way of green thinking that would help us overcome our biggest challenges without sacrificing economic prosperity, in large part by accounting for the spillover costs of economic collisions. In a discussion that ranges from the history of the environmental movement to the Green New Deal, Nordhaus explains how rethinking economic efficiency, sustainability, politics, profits, taxes, individual ethics, corporate social responsibility, finance, and more would improve the effectiveness and equity of our society.

Economics Explored host Gene Tunny talks about the big challenge of decarbonizing economies to respond to climate change. Among other issues he considers the uncertainty around the impacts of climate change, the future of coal, and optimal policy responses to climate change. Relevant links include:A Study of Long-term Global Coal Demand by Queensland TreasuryStructural Adjustment Policies Becoming Increasingly ImportantApocalypse NeverUnsettled: What Climate Science Tells Us, What It Doesn’t, and Why It MattersHow to Avoid a Climate Disaster by Bill GatesThe Spirit of Green by William Nordhaus

Vad kostar klimatförändringarna? Och har vi råd att stoppa dem? Klimatet och ekonomin hänger tätt ihop, men den tillväxt som skapat vårt välstånd riskerar nu också att underminera det. Men ekonomin kan också ge oss verktyg för att ställa om till en mer hållbar tillväxt. 2018 fick William Nordhaus ekonomipriset för sin forskning om klimatekonomi, och en som var med och utsåg honom till pristagare var professor John Hassler. Här berättar han mer om Nordhaus forskning och om hur ekonomin kan vara nyckeln för en grönare framtid. . See acast.com/privacy for privacy and opt-out information.

Nobel Prize winner William Nordhaus has called climate change “the ultimate challenge for economics.” Economists increasingly have been trying to understand how rising tides and global temperatures will impact resource allocation around the globe, as well as the potential policy tools that can help curb damage to our natural world. SMU professor Klaus Desmet says that a lot of those analyses are missing a critical factor: migration. Desmet coauthored a paper in the American Economic Journal: Macroeconomics that examines how economic output will be affected over the next 200 years as humans move away from coastal areas threatened by rising sea levels. Although losses in vulnerable Southeast Asian cities such as Bangkok and Shanghai will still be very significant, their research shows overall GDP declines are substantially less than predicted by models that don’t account for spatial shifts in economic activity. The AEA’s Chris Fleisher spoke with Desmet about the impacts of rising sea levels on the global economy and the trade-offs between short-run costs of migration and long-run benefits.

In today's episode, Naomi and Casey speak with Nobel laureate William Nordhaus (a Sterling Professor of Economics at Yale), Fran Moore (an Assistant Professor of Environmental Science and Policy at UC Davis), Howard Shelanski (a Law Professor at Georgetown University and former White House administrator), and Senator Sheldon Whitehouse (US Senator from RI). They seek … Continue reading 2. What's the Right Price for Carbon Emissions? →

Welcome back. The Breaking Smart newsletter and podcast is starting up again after a very refreshing 6-week break. I want to kick off the post-break programming with a podcast on a big question: if we are headed at least partially towards a post-scarcity world, as we seem to be, does it look more like the Star Trek universe, or the universe in Iain M. Banks Culture novels? Both are varieties of something I call involvement capitalism, which I think it’s going to emerge in the next decade one way or the other. The choices we make in the next few years will determine which flavor we end up with.1/ Over my break, I had a chance to unplug from weekly writing, and reflect on the broader theme of this mailing list, while watching the news. In case you forgot my tagline for breaking smart, this broader theme is serendipity through technology, and in the last few years, that has been a murky theme to think about. Is it the best of times or worst of times? Hard to tell.2/ I unplugged from writing, but not from media consumption. As you might know I don’t believe in that, especially when historic news is unfolding, and the last six weeks have of course been extra historic. Very much in the “weeks when decades happen” category, so I was very plugged in. 3/ The US elections happened, a second or third wave of the pandemic kicked off (depending on where you live), and multiple vaccines passed early trials, in the process pioneering a whole new class of mRNA vaccines.4/ Closer to our own set of usual topics, bitcoin neared its historic all-time highs, a DeepMind AI sort of solved the protein-folding problem, SpaceX launched its first operational crewed mission, and also launched its beta Starlink broadband services.5/ There was a small detail in that last news item that’s my jumping-off point for today. The Terms of Service for Starlink require you to agree that Mars is going to be a free planet, outside the jurisdiction of Earth governments, which is an interesting move with real consequences.6/ The thing is, if SpaceX’s plans continue to succeed, they may put a Starlink constellation around Mars and offer very cheap launch services to Mars, which would lead to a broad-based democratized Mars access at least for rovers and robots, with low-cost communications once your rover is on Mars.7/ Even if human settlement does not follow, we are on the cusp of creating at least a robotic telepresence society on Mars. And if you read between the lines of the Starlink ToS, SpaceX hopes to keep that presence an open, anarcho-capitalist zone of sociopolitical experimentation.8/ What might that look like? Well, there are two precedents to consider, one fictional, one factual. The factual one is the current state of Earth oceans, which are essentially an outlaw zone. I highly recommend William Langewiesche’s brilliant 2005 book, The Outlaw Sea, for a deep look at how the world of oceans works. Shipping, piracy, law on the seas, ship-breaking, all sorts of cool stuff.9/ The fictional one is the post-scarcity anarchist civilization called the Culture, in Iain M. Banks’ novels. We know SpaceX is inspired by that since they name their barges after Culture space ships: their current fleet of 3 comprises the drone ships Of Course I Still Love You, Just Read the Instructions, and A Shortfall of Gravitas. 10/ The two together paint a consistent portrait. The Outlaw Sea kinda does look like the fictional universe of Culture books, especially the margins of the civilization, where the Culture’s Special Circumstances agents, a sort of CIA, interfere in less advanced civilizations. 11/ The fictional plots of Culture books very much resemble British and American interventionist global foreign policy, enforced by naval power projected across the world’s outlaw seas, and directed at less-developed countries, over the last two centuries. Internally, the Culture is quite different from Britain or the US, but you could say developed US-UK societies are as close to the Culture as real earth societies get.12/ So this brings me to the idea of Involvement Capitalism. I got the idea for the name from the Culture books, where the multiple species that engage with the Culture are called Involved species, which I think is a very powerful concept. I define it as capitalism based on money as a way to engage more deeply rather than disengage from society. So the opposite of f**k-you money. More like hello-world money.13/ The core idea in the Culture books is that despite its post-scarcity abundance, the AIs and biological species of the Culture don’t retreat from the universe into either pure hedonism or spiritual retirement. They stay engaged, both with each other, and with less developed civilizations. They never stop experimenting, learning, growing, and interfering in the affairs of the universe. They are involved the way annoying parents are involved in their children’s lives.14/ The Culture is both like and unlike the Star Trek Federation, which is also a post-scarcity society built around powerful spaceships and a multi-species civilization. While both are left-leaning, powerful, and militarist without admitting it, the Culture is what you might call a neoliberal anarchy with no real rules, unlike Star Trek, which is a benevolent paternalist civilization that takes its rules very seriously, closer to LBJ’s Great Society model if that had actually worked out.15/ You could say the Culture is like the Star Trek Federation, except with AI Minds in place of charismatic captains, and no Prime Directive, only a history of interference and consequences to guide individual choices, and social consequences for making good or bad decisions as individuals. For example, there is a norm but not a rule against reading the minds of humans, and a ship that violates that law is ostracized and given a pejorative nickname. 16/ Star Trek captains try to avoid mistakes, and when they do make mistakes it’s a rare crisis. First do no harm, like doctors. Culture Minds try to learn from mistakes and come out net positive and win-win long term, but in the short term they are willing to play pretty dirty. Mistakes are not exceptional. It’s a startuppy fail-fast world with consequences. This is a pretty powerful attitude. Great power, great responsibility sort of thing.17/ Not only are you willing to take risks, you are willing to take risks on behalf of others. They are willing both to commit sins, and then ask for forgiveness and atone for the sins, a kind of ask for forgiveness not permission culture, which is a very different, and in my view, much more alive posture. 18/ Compared to the Culture, the Star Trek Federation has what Bruce Sterling called an acting dead posture. Or equivalently, to use terminology coined by Samo Burja, the Culture is a live player civilization, while the Star Trek Federation is a dead player civilization.19/ The Culture society reminds me of Hannah Arendt’s definition of a free public as one where freedom is experienced through involvement in mutuality, not going off by yourself with f**k-you money, and the moral universe is based on the risky posture of making mistakes driven by curiosity and growth motives, and then seeking forgiveness, rather than trying to avoid mistakes.20/ Now the interesting thing is that both Star Trek Federation and Culture lack a meaningful scarcity-based capitalism based on money. The Star Trek has replicator credits, but they’re not really that important. They deal with lesser species like the Ferengi, which do have a concept of money in the form of latinum plates. There’s a good book about the Star Trek economy called Trekonomics, by Manu Saadia by the way.21/ Within the Culture, again there’s no money. But sometimes there are fads and fashions that create money-like dynamics. Like in Look to Windward, where there is some trading based on scarce concert tickets. But again, for the Culture, money only comes into play when dealing with less advanced cultures. So overall, both the Federation and the Culture not just post-scarcity, but post-capitalist.22/ Let’s connect all that up to the current state of the world. The interesting thing is that despite all the political strife and pandemic-related troubles and deaths, we are actually starting to hit post-scarcity dynamics for real. Money is rapidly losing all its traditional meanings, and behaving in new ways we don’t really understand yet. One obvious sign of that is that service economy workers are in the deepest s**t ever, while anyone holding stocks has been doing great. So there’s a dissonance there that’s going to get sorted out, and it’s probably going to get ugly.23/ Governments across the world have taken fiscal measures that look like close to free money. Especially if you’re in an industry like airlines, hotels, or restaurants, money is now a weird new kind of government action. It doesn’t mean what it used to. We’ve also been able to throw massive resources at vaccine development and not just develop them in record time, but do so with an entirely new method, and with higher effectiveness. And chances are it will be distributed nearly free around the world. Amazing compared to past pandemics.24/ Even better, despite the strongest efforts of the fossil fuel lobby, the renewables economy has continued to develop strongly through the pandemic, and energy is getting closer to free. And by that I mean really free, after factoring in the cost of externalities like pollution and carbon. That’s worth a bit of a bunnytrail.25/ There’s a famous paper by Nobel laureate William Nordhaus, Do Real-Output and Real-Wage Measures Capture Reality? The History of Lighting Suggests Not, analyzing the cost of artificial lighting measured in human labor hours that has some interesting implications.26/ Nordhaus shows that between prehistoric times and campfires, and modern compact fluorescent lamps (which are already obsolete btw, and being replaced by even more efficient LED lights) the cost of lighting really has dropped by a huge amount. The amount of work that bought 1 hour of light in prehistoric times now buys 53 years of light. 27/ When Nordhaus wrote the paper in 1994, you could argue it was kinda dishonest since it didn’t account for the cost of climate externalities. But now with the renewables revolution, the figure is much more honest. 28/ And it’s not just lighting. Anything based on computing and electronics has seen that trajectory. The picture in this episode has an LED, as well as a knockoff Arduino board, and it’s worth thinking about that: that board is a Chinese knockoff off an open-source project, and all the code is open source. If you bought an Arduino original, you’d pay a higher price out of goodwill for the open source.29/ We’re already into 5nm semiconductors, which means extremely low-power computing, in watts/cycle terms, and coupled with renewables, you could get solar-powered bitcoin mining on ocean barges that is literally almost free energy, not just in money terms, but in all-inclusive environmental terms, in real units like human labor.30/ So at least where artificial lighting, computing, and energy are concerned, we are getting close to Culture or Star Trek levels of post-scarcity, and the dynamics of our world are starting to reflect it. Vaccines are not free to develop today, even if they’re distributed free, but with that protein-folding breakthrough, that might go the same way.31/ So why don’t we see all this and celebrate? The thing is, post-scarcity doesn’t quite look like we expect it to, in naively idealist-utopian terms. We think it looks like the orderly Star Trek Federation, but it looks more like the chaotic Culture universe.32/ Right now the light at the end of both the Trump and Covid tunnels are visible, and it’s also very clear that the world on the other side is going to be very different on every dimension: political, economic, social, technological, legal, and environmental. We’re going to go straight from Covid to Climate as the next challenge.33/ Those dimensions, by the way, define what is called the PESTLE analysis framework — political, economic, social, technological, legal, and environmental — which I learned about recently via a project I was doing with the Yak Collective, which is a network of free agents and consultants I helped start. 34/ We just launched a project called Future Frontiers, using the PESTLE framework that you might want to check out. One of the things I hope to do with the Yak Collective in 2021 is kick off an open-source Mars rover project, betting on cheap Mars access from SpaceX. I’m looking for hackers and makers to join, so if you’re interested you should sign up. 35/ A bit of product placement PR: Next week, on Thursday Dec 10 at 8AM Pacific, we’ll be doing our first Annual Meeting, and it will be a good chance for those of you who are interested to check us out.36/ But to get back to the topic, the Yak Collective is actually one example of the sort of socio-political experiment that makes sense in an emergent post-scarcity economy of involvement capitalism, where the scarce commodity is not any kind of material resource, whether it is atoms, joules, or bits, but human involvement. 37/ Both the Star Trek Federation and the Culture represent involved postures. They don’t retreat. They explore and stay curious. They are neither individualist, nor collectivist, but try to manage that tension while remaining involved. For me, the Culture is the better model, since it is much more alive, but either model is a good one to think about.38/ What makes the Culture different from every other model of post-scarcity post-capitalism is that it’s not idealistic or utopian. It aspires to good, but accepts the necessity of mistakes, forgiveness, and messiness in a chaotic universe. In the Culture, the ultimate sin is not making mistakes, but disengaging. Involvement is good. Like in regular capitalism, greed is good, in the Culture, involvement is good.39/ Covid has shown us that traditional capitalism breaks when faced with an extreme coordination problem and necessary collective action. The US is the most powerful country on the planet, and the most powerful economy and innovation engine. Yet, it has already let almost a third of a million people die, and the number is likely to be half a million by the time we’re done. 40/ Capitalism itself is here to stay I think, but no flavor seems acceptable for the world we’re heading into, and the problems will only get worse than Covid, not easier, but also more and more things will be moving into the weird post-scarcity regimes, like lighting, computing, and energy. We don’t have a system for this.41/ Democratic capitalism leads to tyranny of the majority. Socialist flavors of capitalism as in China may do better on problems like Covid, and we can’t ignore that, but they do come at the cost of authoritarian repression with an AI surveillance state. 42/ Any sort of consensus-based approach to capitalism, as in many kinds of cooperative schemes, ends up vulnerable to veto dynamics, while more individualist leaning flavors of capitalism, like libertarianism and anarchism, end up sucked into low-level endless political life, which is ironic since that’s what they set out to avoid. In New Hampshire for instance, libertarianism went off the rails and resulted in bears running wild in a small town.43/ In all cases, I think the problem is twofold — not recognizing that post-scarcity, even in limited form, creates more chaos and confusion than a utopian peace, and the urge to retreat from involvement of any sort, which backfires, and sucks you into the worst kinds of involvement possible.44/ So what do we do? I think what we must learn to do is involvement capitalism. Stay involved, don’t ignore collective action coordination problems, don’t be idealistic about what post-scarcity means in practice, and try to have fun while figuring it all out.45/ In this newsletter, I’ve referenced a famous line, usually attributed to Stewart Brand, several times: “we are as gods, and might as well get good at it.” I want to wrap this episode with that, but with a twist: what sort of gods should we aspire to be? I think the answer is, we should aspire to be like the AI Minds that inhabit the spaceships in the Culture. The first step towards involvement capitalism is to give yourself a witty and sardonic god-name that keeps you hungry and foolish, like Steve Jobs said.So that’s it for this week. Don’t forget, if you’re interested in the Yak Collective, check out yakcollective.org, and drop by our annual meeting on Thursday Dec 10, at 8 AM Pacific.We’ll resume regular programming and subscriber-only posts next week.Note to subscribers: Billing, which was paused during my break, will resume starting today. Get full access to Breaking Smart at breakingsmart.substack.com/subscribe

Ted Nordhaus is the co-founder of the Oakland-based Breakthrough Institute and an original signer of the Ecomodernist Manifesto. In this episode, Robert talks to Ted about the ecomodernist movement, the future of nuclear energy, why he disagrees with his uncle (Nobel Prize-winner William Nordhaus) about climate policy, why he believes atmospheric concentrations of carbon dioxide will not drop any time soon, why adaptation to changes in the climate will be essential, and what California will look like in 10 years.

1. To provide the student with a comprehensive knowledge of the operations of a free-enterprise, division-of-labor society, with special emphasis on the phenomena of money, production, real wages and the productivity of labor, profit, saving and capital accumulation, and economic progress. The consequences of government intervention with respect to these phenomena will be considered in depth. 2. To teach the student to think of economic phenomena in terms of their long-run effects on all groups, not merely their short-run effects on those directly concerned. OVERVIEW OF THE COURSE The course will focus on the current or recent problem areas of the banking system, unemployment, economic stagnation, budget and trade deficits, and inflation, in the light of the contrasting analyses of the Keynesian and “Classical” schools (the latter including the Chicago and Austrian schools). Policy solutions to these problems will be explored—in particular free-market wage rates, balanced budgets with low taxes, and limitation of money-supply growth versus expansionary fiscal and monetary policy. Two leading themes of the course will be 1) The possibility of continuous capital accumulation and economic progress based on the combination of economic freedom, private ownership of the means of production, division of labor, saving, and technological progress. 2) The ethical implication of the harmony of the rational self-interests of all men under these conditions. BOOKS FOR THE COURSE George Reisman, Capitalism: A Treatise on Economics. Ottawa, Illinois: Jameson Books, 1996. Henry Hazlitt, Economics In One Lesson (paperback). George Reisman, editor, Supplementary Readings in Macroeconomics (to be distributed in class). [The essays contained in this title appear below with references to their original sources.] Paul Samuelson and William Nordhaus, Macro-Economics (paperback), 15th Edition, (New York: McGraw Hill, 1995). (Optional) Ludwig von Mises, Human Action (paperback), Third Edition.

William Nordhaus explains the economic consequences of Greenland ice sheet melt.

There are the deniers who will argue that mankind has no influence on climate, but worse yet, there are economists who argue the impact will be so small the cost of trying to prevent it will be far greater than the consequences of living with it. That’s the line taken by joint Nobel prizewinner William Nordhaus. In this week’s edition of the Debunking Economics podcast Prof Steve Keen takes Phil Dobbie through some of the spurious arguments and assumptions used by Nordhaus to reach his spurious conclusions. Some of them defy logic. If you offered them in a high school science exam, you’d probably fail. This is a FREE episode. Subscribe to hear more episodes in full. There's a video of this week's podcast on YouTube: https://www.youtube.com/watch?v=HfW4R_RcyJ0

El cambio climático sigue siendo uno de esos temas que despiertan toda clase de especulaciones y teorías disparatadas en base a la acción malintencionada de difusores de contenido recreativo. Si bien existe un claro consenso sobre su existencia, no lo es menos que los modelos de análisis dinámicos que han llevado a William Nordhaus a ganar el Nobel de Economía, nos permiten analizar el problema en toda su extensión, incluyendo los efectos positivos que tiene en ámbitos como la agricultura. En este primer podcast fijaremos el significado de algunos conceptos claves para entender la magnitud del problema y mostramos parte de la evidencia contra los vídeos del Cuellilargo, que se cerrarán con un segundo futuro podcast. Recuerda apoyarnos uniéndote a nuestro programa de suscriptores de Ivoox o en nuestro PayPal: https://paypal.me/loquelapolitica

If you thought you understood the urgency of climate change, our guest, Professor Steve Keen, will shatter those illusions. We’ll be straight with you, this is not an easy episode to hear - but you need to listen anyway. How can we deal with the effects of climate change if we don’t understand the urgency? Professor Keen won’t sugar coat it but he can back up every statement with facts, figures, and astute analysis. Throughout the interview, he refers to - and debunks - the work of William Nordhaus, who won the Nobel Prize for Economics in 2018 “for integrating climate change into long-run macroeconomic analysis.” From Left Foot Forward: "When future generations ask why humanity delayed taking action against climate change for so long, Nordhaus’s model will be one of the prime suspects. The model, known as DICE – Dynamic Integrated model of Climate and the Economy – is a dangerous gamble for humanity’s future.  "Nordhaus’s transgressions are immense. His ‘damage function’ which he uses to estimate global warming damage is incorrect and uses data that has nothing to do with climate change. Despite this, the Intergovernmental Panel on Climate Change (IPCC) uses his model to advise governments about the economic impact of global warming." Nordhaus’s sins trace back to his attacks on 1972’s “Limits to Growth” study. The predecessors to our contemporary climate deniers dismissed its findings, yet it has been proven remarkably accurate. In this interview, Professor Keen compellingly compares facts to fancy. As his home country of Australia is ablaze, he explains why this was predictable. What you learn in this episode will enrage and probably depress you. We can’t afford to ignore it; ignorance is not an option. Professor Keen is a Distinguished Research Fellow at UCL, the author of Debunking Economics (2011) and Can We Avoid Another Financial Crisis? (2017), and one of the few economists to anticipate the Global Financial Crisis of 2008, for which he received the Revere Award from the Real World Economics Review. His main research interests are developing the complex systems approach to macroeconomics and the economics of climate change. @ProfSteveKeen on Twitter https://www.patreon.com/ProfSteveKeen

Klimakrisen er mere aktuel end nogensinde før. Sidste år vandt økonomen William Nordhaus den syntetiske Nobelpris for sin klimamodel. Men hvor Nordhaus' model konkluderer at det økonomiske optimale forløb inkluderer en global opvarmning på 3,5 grader frem til 2100 er FNs klimapanel uenig og anbefaler at vi holder os under 2 graders global opvarmning. Hvorfor er økonomer mere optimistiske end andre klimaforskere og hvordan skal vi forholde os til Nordhaus' model? Vi har inviteret Klimafysiker og lektor ved Niels Bohr Instituttet Peter Ditlevsen og statskundskaber Nicholas Buhman Holmes i studiet for at blive klogere.

(https://www.bobmurphyshow.com/wp-content/uploads/2019/09/tough-question.png) Bob asks a series of tough (but fair, he hopes) questions for progressives, ranging from abortion to the minimum wage to climate change. . . . . . . . Mentioned in the Episode and Other Links of Interest: The NYT (front page) article (https://www.nytimes.com/2012/05/29/world/obamas-leadership-in-war-on-al-qaeda.html) discussing Obama’s “Secret Kill List.” The clip of Obama (https://www.youtube.com/watch?v=PIiyDiyUZ2w) saying, “We tortured some folks.” William Nordhaus vs. the UN (https://www.econlib.org/library/Columns/y2018/MurphyNordhaus.html) on climate change policy. A cost-benefit analysis of compensating kidney donors (https://marginalrevolution.com/marginalrevolution/2015/11/a-cost-bene%EF%AC%81t-analysis-of-government-compensation-of-kidney-donors.html) . A (pro-intervention) website (https://climateactiontracker.org/) showing the estimated effect of all governments meeting their Paris Agreement pledges. (Look at the thermometer on the front page.) A 2010 article summarizing (https://www.americanthinker.com/articles/2010/04/death_by_cafe_standards.html) some of the research on traffic fatalities and Corporate Average Fuel Economy (CAFE) regulations. A Murphy article (https://www.econlib.org/library/Columns/y2015/Murphydisemployment.html) summarizing the “revisionist” literature on the minimum wage. A 2017 post (http://www.aei.org/publication/there-really-is-no-gender-wage-gap-there-is-a-gender-earnings-gap-but-paying-women-well-wont-close-that-gap/) explaining some of the drivers of the gender “pay gap.” Help support (http://bobmurphyshow.com/contribute) the Bob Murphy Show. The audio production for this episode was provided by Podsworth Media (http://podsworth.com) .

Today’s MacroVoices All-Star is Professor Steve Keen, who says Nobel laureate William Nordhaus has failed to consider tipping points that will make the impact of climate change far worse than Nordhaus predicts.

IER's senior economist Bob Murphy recently visited Connecticut College to present on the economics of climate change. His lecture addresses the disconnect between "mainstream" climate models and proposals like the Green New Deal. Links: • More from the talk: https://www.instituteforenergyresearch.org/climate-change/what-i-told-college-students-about-the-economics-of-climate-change/ • Robert Murphy on IPCC data: https://gate.sc/?url=https%3A%2F%2Fwww.instituteforenergyresearch.org%2Fclimate-change%2Fusing-ipcc-defeat-un-climate-agenda%2F&token=2a7f05-1-1559160878247 • Bob Murphy on DICE model created by William Nordhaus: http://www.independent.org/publications/tir/article.asp?id=751 • The Bob Murphy Show: https://www.bobmurphyshow.com/

Did you know that we can lose half our food supply and it won’t matter? That’s because agriculture is only 3% of GDP, so there’s no need to worry about the effects of climate change on farming. Or so says the latest genius to win the Nobel Prize in economics. This “logic” is pretty darn disturbing on its own, but what happens when such muddled thinking comes to infest climate models? Besides causing Jason, Asher, and Rob to lose their minds (and their cool), it can lead to unrealistic optimism surrounding the Green New Deal and other worthwhile policies for dealing with climate change. Well, maybe we can use cryptocurrencies to purchase information about food for our virtual bellies when we run into problems on the farm. For episode notes and more information, please visit our website.Support the show (https://postcarbon.org/donate)

No nom

William Nordhaus är ekonomen som byggde in klimatfrågorna i sin ekonomiska modell. Det får han ekonomipriset för. Men en del av de slutsatser han drar ur sin modell är kontroversiella. Inte bara ekonomi utan även sådant som klimatgaser och befolkningsutveckling stoppar William Nordhaus in i sin ekonomiska modell. Ur den kan han sedan dra slutsatser om vilken temperaturökning vi bör sikta på att begränsa klimatuppvärmningen till, och vilken nivå en klimatskatt bör ligga på. Men en del av slutsatserna är svåra att få ihop med vad FN:s klimatpanel kommer fram till. Vi besöker William Nordhaus på Yale-universitetet i New Haven för att höra hur han byggt upp sin modell och vad han drar för slutsatser av den. Kritikerna mot honom möter vi i Vetandets värld imorgon. Programledare: Camilla Widebeck camilla.widebeck@sverigesradio.se Producent: Peter Normark peter.normark@sverigesradio.se

Ena hälften av Ekonomipriset 2018 i Nobels minne går till William Nordhaus som tagit in klimatförändringarna i sina ekonomiska modeller. Samtidigt höjs kritiska röster om Nordhaus forskning. "Katastrof för klimatet", säger en forskare. "Ekonomipriset är en skamfläck för Nobel", säger en annan. Kritikerna menar att Nordhaus i själva verket försenat hela klimatarbetet på ett farligt sätt och att han därför är fel person att lyfta fram. I programmet hörs: William Nordhaus, ekonomipristagare 2018 i Nobels minne, Max Jerneck, sociolog vid Mistra Center for Sustainable Markets, Klas Eklund, ekonom hos Mannheimer Swartling, Jonathan Metzger, doktor i ekonomisk historia och docent på institutionen för samhällsplanering och miljö på KTH, Anders Wijkman, ordförande för Climate Kick.

Today's guest is Bob Murphy of Texas Tech University. We discuss his work on climate change and the social cost of carbon. Bob started working on issues related to climate change when he started working with the Institute for Energy Research. We discuss the implications of the Integrated Assessment Models (IAMs) used to evaluate the impact of climate change, the pivotal role played by discount rates in evaluating any kind of climate policy, the pitfalls of carbon taxation, and the opportunities presented by geo-engineering technologies. Here are some links to articles we mentioned in the episode: William Nordhaus versus the United Nations on Climate Change Economics The Case Against a U.S. Carbon Tax The Benefits of Procrastination: The Economics of Geo-engineering  

Kenneth Gillingham is Associate Professor of Economics at the School of Forestry and Environmental Studies of Yale University in New Haven, CT. We talk about energy economics, methodology, and the federal government. For more information: Solar power is contagious. These maps show how it spreads. by Brad Plumer White House Council of Economic Advisers website William Nordhaus 2018 Nobel Prize Winner video and article Climate Feedback website

CORRECT EPISODE NOW POSTED. Today's episode is on the alarming new report out from the United Nations Intergovernmental Panel on Climate Change, and how it is that William Nordhaus—an economist whose work is dedicated to arguing that that it would be too inefficient to address the ecological crisis aggressively and urgently—recently won the discipline's equivalent of the Nobel Prize. Dan speaks to Alyssa Battisoni, a PhD candidate in political science and member of Jacobin's editorial board. Thanks to Verso Books. Check out their huge selection of left-wing books at www.versobooks.com Please support this podcast with your money at www.patreon.com/TheDig

CORRECT EPISODE NOW POSTED. Today's episode is on the alarming new report out from the United Nations Intergovernmental Panel on Climate Change, and how it is that William Nordhaus — an economist whose work is dedicated to arguing that that it would be too inefficient to address the ecological crisis aggressively and urgently — recently won the discipline's equivalent of the Nobel Prize. Dan speaks to Alyssa Battisoni, a PhD candidate in political science and member of Jacobin's editorial board. Thanks to Verso Books. Check out their huge selection of left-wing books at www.versobooks.com. Please support this podcast with your money at www.patreon.com/TheDig.  

William Nordhaus, winner of a Nobel Prize in economics, laid the groundwork for what is now an entire field on the economics of climate change. His research analyzes how climate change can be mitigated at the lowest-cost possible and how society's choices about climate mitigation can influence long-run well-being. Writing for YaleGlobal, his colleague Kenneth Gillingham concludes that Nordhaus' work is global in scope and visionary, dedicated to preparing societies for what may be the most pressing challenge of our time.

Nobeli majandusauhinna saavad tänavu ameeriklased William Nordhaus ja Paul Romer, kes on laiendanud majandusteaduse tavapärast haaret ja loonud mudeleid, mis selgitavad, kuidas turumajandus seondub looduse ja teadmistega.

Nobeli majandusauhinna saavad tänavu ameeriklased William Nordhaus ja Paul Romer, kes on laiendanud majandusteaduse tavapärast haaret ja loonud mudeleid, mis selgitavad, kuidas turumajandus seondub looduse ja teadmistega.

Avsnitt sju ägnas inledningsvis åt William Nordhaus, för att sedan övergå till svamphandel och slutligen Donald Trumps tullbus.

The media is delighted that William Nordhaus shared this year's Nobel Prize in economics. Why, he warns about the damage likely to be caused by climate change, just as we do! Not so fast, alarmists. Not so fast. Show notes for Ep. 160

The economists tackling climate change and growth.

Sendet uns Audiokommentare per Whatspapp, Telegramm, Signal oder Threema: 0177 899 535 9 Unser Alexa-Skill Die Kommentare der Hörerinnen und Links zu den Quellen findet ihr auf www.mikrooekonomen.de. Dort auch Shownotes mit Verlinkungen, Bildern und ggf. Videos. Liebe Hörerinnen, Liebe Hörer, die Mikroökonomen sind ein unabhängiger Podcast über Wirtschaft der sich Zeit nimmt. Wir wollen dauerhaft ein unabhängiges Informationsangebot aufbauen, dass die Dinge anders macht. Möglich wird dies erst durch Euch und eure regelmäßigen Spenden. Vielen Dank dafür! Ihr könnt uns direkt unterstützen: Herack, Marco IBAN: DE07 4306 0967 2065 2209 02 BIC: GENODEM1GLS oder… https://mikrooekonomen.de/spenden/ Nobelpreis für Wirtschaft Die Begründung des Komitees (Nobelpreiskomitee, englisch) Kurzübersicht (Der Spiegel) Warum Paul Romer gewonnen hat(Marginal Revolution, englisch) Paul Romer wegen zu einfacher Texte rausgeworfen (FAZitblog) Zum Stand der Ökonomie als Wissenschaft (Bloomberg, englisch) Über Charter Citys (Die Zeit) Romers Neokolonialismus? (Die Welt) Warum William Nordhaus den Nobelpreis bekam (Marginal Revolution, englisch) Trumps Geldmagie Recherche der New York Times (NYT, englisch) Gesellschaftsteil: Picks Hannah: Das Hans-Prinzip Ulrich: NPR über William Nordhaus Ulrich: NPR über Paul Romer Marco: Sweet Country (Film) Gesellschaftsteil: Bier Ulrich: Wet Wettelsheimer von Brauerei Strauss Marco: Singha von Boon Rawd Brewery

“The first thing is that people have to come to grips with the difficulties we face. I think the scientists have and many of the people have, but the governments have to.”Yale University's William Nordhaus, who on October 8th shared the 2018 Nobel Memorial Prize in Economic Sciences, "for integrating climate change into long-run macroeconomic analysis.” He spoke by phone to a representative of the Nobel Prizes.“And then the second thing that's most important is that we take some kind of economic steps—I have advocated for many years a carbon tax as a way of implementing policies. And then the third thing is we'll have to have a significant technological transformation. Of course, those first two would help the third. But those three have to go together. You can't do it without public support. But you can't do it without some kind of economic signals, in the form of a carbon tax. And then all of those will help induce the technological changes that are necessary to make a transition to a low-carbon world.”Nordhaus shared the prize with Paul Romer of New York University, for his work “integrating technological innovations into long-run macroeconomic analysis."Nordhaus continued: “The most recent work I've done is studying actual trends in abatement and in policies, suggests we're doing much less than what needs to be to reach any of the targets, whether it's a 1.5 degree or 2 degree or even a 3 degree target. I think the policies are lagging very very far, miles, miles, miles behind the science and what needs to be done…but it's not too late. But the steps we have to take are more difficult now than if we'd started earlier.”—Steve Mirsky

Daði Már Kristófersson, prófessor í hagfræði: Hagfræði og loftlagsmál, hvernig eiga þau saman? Rætt við Daða í tilefni þess að nóbelsverðlaunin í hagfræði fóru í ár til Bandaríkjamannanna William Nordhaus og Paul Romer fyrir að samþætta tækninýjungar, loftslagsmál og hagvöxt. Pia Hansson, forstöðumaður Alþjóðastofnunnar og Auður Örlygsdóttur, Snjallræði: Ungt fólk á flótta og viðskiptahraðall fyrir samfélagslega nýsköpun. Jón Stefánsson kennari: Mælingar á Sólheimajökull með nemendum í Hvolsskóla sem í dag fagnar 110 ára afmæli.

En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos.Nordhaus fue el pionero en el estudio del impacto del cambio climático sobre el crecimiento económico y Romer amplió el análisis de la influencia de la tecnología en el PIB a largo plazo.

En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos.Nordhaus fue el pionero en el estudio del impacto del cambio climático sobre el crecimiento económico y Romer amplió el análisis de la influencia de la tecnología en el PIB a largo plazo.

“The first thing is that people have to come to grips with the difficulties we face. I think the scientists have and many of the people have, but the governments have to.”Yale University's William Nordhaus, who on October 8th shared the 2018 Nobel Memorial Prize in Economic Sciences, "for integrating climate change into long-run macroeconomic analysis.” He spoke by phone to a representative of the Nobel Prizes.“And then the second thing that's most important is that we take some kind of economic steps—I have advocated for many years a carbon tax as a way of implementing policies. And then the third thing is we'll have to have a significant technological transformation. Of course, those first two would help the third. But those three have to go together. You can't do it without public support. But you can't do it without some kind of economic signals, in the form of a carbon tax. And then all of those will help induce the technological changes that are necessary to make a transition to a low-carbon world.”Nordhaus shared the prize with Paul Romer of New York University, for his work “integrating technological innovations into long-run macroeconomic analysis."Nordhaus continued: “The most recent work I've done is studying actual trends in abatement and in policies, suggests we're doing much less than what needs to be to reach any of the targets, whether it's a 1.5 degree or 2 degree or even a 3 degree target. I think the policies are lagging very very far, miles, miles, miles behind the science and what needs to be done…but it's not too late. But the steps we have to take are more difficult now than if we'd started earlier.”—Steve Mirsky

When countries around the world ratified the Paris Climate Agreement in 2016, they pledged to prevent average global temperatures from rising to a level more than 2 degrees Celsius, or 3.7 degrees Fahrenheit, above pre-industrial levels. They picked that number because 2 degrees Celsius is the point at which climate models start going haywire, but they also asked the Intergovernmental Panel on Climate Change, or IPCC, to review all of the available research and tell us what we'd have to do to keep that rise below 1.5 degrees Celsius, or 2.7 degrees Fahrenheit, which is the point at which feedback loops like melting tundras and increased water vapor make the 2-degree increase all but inevitable. Scientists from around the world spent the last two years reviewing over 6,000 scientific papers and mapping out different pathways to the 1.5-degree target -- from paths that focus primarily on reducing energy demand to those that focus primarily on expanding carbon sinks that pull greenhouse gasses out of the atmosphere. One of those carbon sinks is the one that I cover on Bionic Planet -- namely, natural climate solutions that work by improving the way we manage our forests, farms and fields. The other is next-generation carbon capture and storage, involving new technologies that either don't yet exist or exist but cost a fortune to deploy. On Monday, the IPCC released its report, and the upshot is that we can meet the 1.5-degree target by deploying a blend of these strategies, but it basically requires us to overhaul the industrial and agricultural economies. Simple, right? Actually, a lot of it is simple, but it's not easy to implement, because our economy puts more value on fast cars and cheap beef than on clean air or a stable climate. But the report does identify a mechanism for getting beyond that, and it's a mechanism we've covered before: namely, making companies pay for the damages their greenhouse gasses cause -- or, as we say colloquially, "putting a price on carbon". But how much damage does a ton of carbon dioxide cause, and can we put a number on it? These are the questions an economist named William Nordhaus spent his life addressing, through economic modeling, first on a desktop computer, and then with more and more sophistication. n Monday, within hours of the IPCC issuing its report, the Royal Bank of Sweden announced that it was awarding the Nobel Prize for Economics to Nordhaus and another economist, Paul Romer, who focused on the economics of investing in education and in our collective future. To honor Nordhaus, I'm re-posting parts of two early episodes featuring environmental economist Gernot Wagner, who documented Nordhaus's quest to quantify the social cost of carbon in his 2015 book "Climate Shock".

William Nordhaus shared the 2018 Nobel Memorial Prize in Economic Sciences, "for integrating climate change into long-run macroeconomic analysis,” with Paul Romer, "for integrating technological innovations into long-run macroeconomic analysis."

En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos.Nordhaus fue el pionero en el estudio del impacto del cambio climático sobre el crecimiento económico y Romer amplió el análisis de la influencia de la tecnología en el PIB a largo plazo.

En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos. Nordhaus fue el pionero en el estudio del impacto del cambio climático sobre el crecimiento económico y Romer amplió el análisis de la influencia de la tecnología en el PIB a largo plazo.

En la entrega de hoy te compartimos informaciones sobre las declaraciones del presidente del Consejo Nacional de la Empresa Privada (Conep) respecto al salario mínimo. Te decimos también sobre la alianza que mantiene la República Dominicana con el Banco Mundial. Te informamos también sobre los dos casos que están afectando el flujo de Inversión Extranjera Directa (IED) de la Mancomunidad en República Dominicana. En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos. En la Plaza Pública respondemos preguntas sobre acuerdos de pago, tarjetas de crédito y diversos temas. Y en la Escuela Bursátil con Parval, Paola Subero repasa las ofertas del mercado.

En la entrega de hoy te compartimos informaciones sobre las declaraciones del presidente del Consejo Nacional de la Empresa Privada (Conep) respecto al salario mínimo. Te decimos también sobre la alianza que mantiene la República Dominicana con el Banco Mundial. Te informamos también sobre los dos casos que están afectando el flujo de Inversión Extranjera Directa (IED) de la Mancomunidad en República Dominicana.En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos.En la Plaza Pública respondemos preguntas sobre acuerdos de pago, tarjetas de crédito y diversos temas. Y en la Escuela Bursátil con Parval, Paola Subero repasa las ofertas del mercado.

En la entrega de hoy te compartimos informaciones sobre las declaraciones del presidente del Consejo Nacional de la Empresa Privada (Conep) respecto al salario mínimo. Te decimos también sobre la alianza que mantiene la República Dominicana con el Banco Mundial. Te informamos también sobre los dos casos que están afectando el flujo de Inversión Extranjera Directa (IED) de la Mancomunidad en República Dominicana.En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos.En la Plaza Pública respondemos preguntas sobre acuerdos de pago, tarjetas de crédito y diversos temas. Y en la Escuela Bursátil con Parval, Paola Subero repasa las ofertas del mercado.

En la entrega de hoy te compartimos informaciones sobre las declaraciones del presidente del Consejo Nacional de la Empresa Privada (Conep) respecto al salario mínimo. Te decimos también sobre la alianza que mantiene la República Dominicana con el Banco Mundial. Te informamos también sobre los dos casos que están afectando el flujo de Inversión Extranjera Directa (IED) de la Mancomunidad en República Dominicana.En Mercados Globales conversamos con Héctor Guiliani Cury sobre el Premio Nobel de Economía 2018 donde resultaron ganadores dos economistas estadounidenses, William Nordhaus y Paul Romer por sus aportes a la integración del cambio climático y las innovaciones tecnológicas a los estudios macroeconómicos.En la Plaza Pública respondemos preguntas sobre acuerdos de pago, tarjetas de crédito y diversos temas. Y en la Escuela Bursátil con Parval, Paola Subero repasa las ofertas del mercado.

William Nordhaus shared the 2018 Nobel Memorial Prize in Economic Sciences, "for integrating climate change into long-run macroeconomic analysis,” with Paul Romer, "for integrating technological innovations into long-run macroeconomic analysis."

De har tagit in klimatet och teknikutvecklingen i den ekonomiska vetenskapen. Därför får de årets ekonomipris: William Nordhaus och Paul Romer. Vetandets värld sände direkt när beskedet om Sveriges Riksbanks pris i ekonomisk vetenskap till Alfred Nobels minne kom. Vi reder ut priset tillsammans med Ingrid Werner, forskare vid Ohio State University och ledamot i ekonomipriskommittén och ekonomihistorikern Gabriel Söderberg från Uppsala Universitet. Camilla Widebeck camilla.widebeck@sverigesradio.se Kristian Åström kristian.astrom@sverigesradio.se

Les titres du flash de 18h20:- Revers judiciaire pour Nicolas Sarkozy cet après-midi : La cour d’appel de Paris a rejeté son recours contre son renvoi devant un tribunal correctionnel pour corruption active et trafic d’influence.- Prix Nobel d'économie pour William Nordhaus et Paul Romer. Les Américains sont précurseurs de la « croissance verte ».- Présidentielle au Brésil. La bourse de Sao Paulo fait des bonds après le score du candidat ultra-libéral Jair Bolsonaro. Deuxième tour le 28 octobre avec le candidat de la gauche, Fernando Haddad.- Plus de dix milliards d'euros d'avoirs non déclarés, un démarchage illégal de riches clients français: le procès du géant suisse de la gestion de fortune UBS s'est ouvert cet après-midi devant le tribunal correctionnel de Paris. L’amende encourue est faramineuse.- Grève à la SNCF demain. La direction prévoit « des perturbations mineures en Midi-Pyrénées, en Occitanie et en Aquitaine ». Le motif de la mobilisation : la fin du recrutement au statut des cheminots à partir 2020.- Griezmann, Kanté, Ronaldo…ils font partie des 30 candidats sélectionnés pour le Ballon d'Or, décerné le 3 décembre. Nouveauté cette année, un Ballon d'Or féminin et le Trophée Kopa du meilleur joueur de moins de 21 ans. - « Doctor Who » de retour : le premier épisode de la nouvelle saison de cette série culte de science-fiction a été diffusé hier soir au Royaume-Uni. Une première: le « Docteur » est une femme, incarnée par l’actrice Jodie Whittaker.Pour accéder aux précédents flashs de « Minute Papillon ! » sur votre smartphone, c’est par ici :- Vous êtes sur iOS- Vous êtes sur Android- dans l’onglet « 20 Minutes Podcast » sur la page d’entrée de notre site.Crédits sons : Longing - Joakim Karud/Musique libre de droits -Vibe With Me Joakim Karud/Audio Library - Density & Time/Audio Library- Rock Angel Joakim Karud/Cuisine - Nctrnm freearchivemusic.org Pour plus d'informations sur la confidentialité de vos données, visitez Acast.com/privacy See acast.com/privacy for privacy and opt-out information.

Night-time satellite images of the Korean peninsula – showing North Korea as a black hole surrounded by the gleaming lights of economic powerhouses like China, Japan and South Korea – have become a click-winning favorite among online media outlets. Most recently, footage captured from the International Space Station made headlines worldwide with a raw display of disparities between North Korea and its more well-off neighbors. But while the contrasts apparent in such footage is visually stunning, it is not very informative, according to researchers. "We don't need satellites to tell us (that) South Korea is more economically developed than North Korea," said Travis Pope at UC San Diego, adding that "simply comparing North Korea to its neighbors can be either misleading or lead one to make nothing but obvious comments". "We don't need satellites to tell us (that) South Korea is more economically developed than North Korea," But if applied correctly, analyses of night-time satellite imagery – so-called 'luminosity studies' – can fill an important knowledge-gap about a country on which information is notoriously scarce, as is illustrated by the works of a handful of researchers around the globe. USEFUL COMPLEMENT For countries on which socio-economic statistics are scarce – like North Korea – researchers are in want of indicators that can substitute, or at least add to, traditional data. “Luminosity might serve as a useful proxy for output because it is 'objectively' measured, is highly correlated with output, and is universally available for the world except for the high latitudes,” according to a paper written by Yale researchers Xi Chen and William Nordhaus from 2010. Due to noise in the light signals, light density data as a proxy for Gross Domestic Product (GDP) has limited value for countries with functioning national statistical bureaus. But, according to the paper, for regions with poor data, “luminosity shows considerable promise”. Recently, researchers have attempted to apply this to the case of North Korea. Travis Pope, along with UCSD professor Stephan Haggard, has been looking into what luminosity data from night-time satellite imagery actually says about the state of affairs in North Korea, as can be viewed in recent posts at the 'North Korea: Witness to Transformation' blog. The data – images from the National Geophysical Data Center's (NGDC) Earth Observation Group, collected between 1992 and 2012 – are composite images, one for each year, pieced together by a range of momentary shots, allowing the observations to avoid random changes, and to pick up smaller sources of luminosity. But there are caveats when it comes to using the data. According to Pope, among the biggest of them – a phenomenon called 'blooming' – happens when light emanating from one grid cell in the dataset 'blooms' into neighbouring cells, causing them to appear lit even when there are no light sources within them. This makes assessments about locations along national borders particularly difficult, Pope said. There's also the issue of inter-calibration between the various compund images. Since the sensors picking up the data have not been adjusted to the same measurement standards, it becomes difficult to compare changes in absolute luminosity over time. What is possible, however, is to measure the relative share of total luminosity held by each geographic region, and look at how those ratios develop over time. Using this method, Haggard and Pope have made approximate inferences with regards to regional developments, comparisons between cities, and urban-rural development gaps, finding increases in economic activity in and around Pyongyang, as well as in areas close to the Chinese border in recent years. Be sure to read: North Korea by night: the technical side  ADAPTING TO SANCTIONS In another satellite imagery-based study, Yong Suk Lee, an assistant professor at Williams College in Massachusets,

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In this informal talk, William Nordhaus, Sterling Professor of Economics at Yale University and author of two widely used models of the economics of climate change, makes the case for using markets to mitigate the issue of global climate change by putting a price on pollution.

If you experience any technical difficulties with this video or would like to make an accessibility-related request, please send a message to digicomm@uchicago.edu. In this informal talk, William Nordhaus, Sterling Professor of Economics at Yale University and author of two widely used models of the economics of climate change, makes the case for using markets to mitigate the issue of global climate change by putting a price on pollution.