by Summary:
Professor Steve Keen is an internationally recognized Economist. Described by Vox Day and Daniel Sanderson as "the greatest living economist," this video series is designed to bring out Steve's natural humility. Joined by regular guests Daniel Sanderson and Tyrone Keynes (Ty), the series will oscillate between friendly banter and economic excellence. WARNING: if you are a close-minded neoclassical economist, climate denier, or generally an angry person, this show is NOT for you. Hecklers will be ridiculed and escorted off the live stream. This series is for you if you value systems thinking and the capacity to critically assess your beliefs. The previous iteration of this show is called The New Economics and featured special guests such as Jørgen Randers, Ian Dunlop, and David
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Steve Keen considers the following as important:
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Professor Steve Keen is an internationally recognized Economist. Described by Vox Day and Daniel Sanderson as "the greatest living economist," this video series is designed to bring out Steve's natural humility. Joined by regular guests Daniel Sanderson and Tyrone Keynes (Ty), the series will oscillate between friendly banter and economic excellence. WARNING: if you are a close-minded neoclassical economist, climate denier, or generally an angry person, this show is NOT for you. Hecklers will be ridiculed and escorted off the live stream. This series is for you if you value systems thinking and the capacity to critically assess your beliefs. The previous iteration of this show is called The New Economics and featured special guests such as Jørgen Randers, Ian Dunlop, and David
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Bill Haskell writes From the Middle Out and Bottom Up
Joel Eissenberg writes The business model of modern universities
Bill Haskell writes The Economics of Killing Medicaid . . .
Angry Bear writes Healthcare in the United States
| Professor Steve Keen is an internationally recognized Economist. Described by Vox Day and Daniel Sanderson as "the greatest living economist," this video series is designed to bring out Steve's natural humility. Joined by regular guests Daniel Sanderson and Tyrone Keynes (Ty), the series will oscillate between friendly banter and economic excellence. WARNING: if you are a close-minded neoclassical economist, climate denier, or generally an angry person, this show is NOT for you. Hecklers will be ridiculed and escorted off the live stream. This series is for you if you value systems thinking and the capacity to critically assess your beliefs. The previous iteration of this show is called The New Economics and featured special guests such as Jørgen Randers, Ian Dunlop, and David Spratt. Jørgen Randers episode; https://youtu.be/xh60EZfzQMs Ian Dunlop episode; https://youtu.be/BeQvY4RxOLM David Spratt episode; https://youtu.be/MW-fD4ZxHok FYI, Capitalism will NOT survive anything, and that's the point with @ProfSteveKeen's meteor metaphor. DICE is an integrated assessment model of the interplay between economics, energy use, and climate change. #Badfaith #SteveKeen #postKeynesian NOTE: All references to that infectious viral phenomenon that required wearing masks and the atmospheric carbon crisis we have discussed in the past are being avoided in this description. The reason is that we are trying to avoid the YouTube warnings that pop up, and we "think" might be affecting the algorithm that helps or hinders the visibility of the fantastic show. Did I say FANTASTIC? My apologies about yelling in ALL CAPS; I only do this because it's the only emphasis option I have when writing these descriptions — no italics, no bold. Is the show "fantastic"? You be the judge; we would love to hear your opinions about the topics we are discussing. |
Is it fair to say degrowth does not have to be worrisome? Is it possible to have degrowth and an improved standard of living? That is vastly improved energy systems, much more technically advanced health care systems, less expensive housing (Steve's PILL) cheaper digital delivery of university education, free public transportation, more remote work, less traffic, …
I think that could be an ultimate scenario, but given the degree of overshoot we're already in, and the scale of the damage we've done to the climate, I can't see the transition as being anything other than unpleasant. We need to minimise the pain inflicted on those at the bottom of the income distribution though, and possible for some people, their welfare will improve with strict rationing.
The biosphere is already imposing degrowth. Nations are already sacrificing (rationing) water between users. (see tier 2 water rationing on the Colorado). Agriculture and municipal water has been cut on the Colorado and Yangtze to preserve hydropower. The three major economies have suffered national and international transport disruption on their major rivers: Mississippi, Yangtze, Danube, Rhine. While drought persists this is easily seasonal inflation and commerce destruction. Crop yield hits this year, well outside of the war in Ukraine, spell famine (3rd world) and food inflation (1st world). Next year we could see biblical flooding that also wipes out crops, that’s the nature of water cycle instabilities. it’s a rising environmental whiplash that will cause incessant disruption and assault to existing capacity and any planning. China faces this kind of climatic whiplash that alternates drought in its historically wet South with menacing flooding (2020). All of its water management, decades and billions spent on infrastructure to transfer water to its arid North is rendered mostly useless.
their energy production is effected by water scarcity: diminished hydropower and increased reliance on coal, which is again limited because coal is in the north and water is needed to turn it into energy comes from the south (see the problem here with the water source drying up?) their water crisis alone is a boat anchor on their economy at multiple levels
can you model these effects and their consequences?
@GhostOnTheHalfShell Yes, Steve is working on the energy front. I have been doing work on the biophysical front all of which can be modelled in Minsky.
@Tyrone Keynes that’s really cool.
@Tyrone Keynes also, the outline would be very interesting as a stream topic. my own felt urgency is the shit is already hitting the fan. economies are already being hit with both recession and inflation now. look at the rationing going on already
@GhostOnTheHalfShell Mark Jacobsens latest modeling for 100% Wind, water and Solar energy sources for the entire economy where he modelled each state in USA to 5 minute demand resolution over four years used a climate model he wrote to inform the wind, solar and water (hydro and pumped hydro) on the energy generation side of the merit order dispatch model. all on his website. he correlated most nations with a state in USA to indicate results for other countries.
What has been the annual depreciation of automobiles since Sputnik? What did John Maynard Keynes ever say about planned obsolescence?
Economists cannot get the Net Domestic Product equation correct and it is just middle school algebra.
NDP = GDP – Dcap [Western economic calculation]
NDP = GDP – (Dcap + Dcon) [reality]
Dcap: Depreciation of Capital Goods
Dcon: Depreciation of Durable Consumer Goods
GDP: Grossly Distorted Propaganda
If you think about depreciation on durable goods is also consumption. When the consumer replaces the durable good the consumption is account for the good wearing out.
@Tyrone Keynes Investors in companies that make garbage want consumers to think that way. The Human Resources (slaves) are supposed to be that stupid.
do you have an auto delete bot running, Steve? my comment was deleted within less than a minute. went to edit it and got errors. quit the youtube app on my iphone and came back and the comment didn’t exist.
had same issue on a couple of your patreon posts too. it’s making me paranoid!
It's nothing that I've set up Alastair, either here or on Patreon. I find that Patreon loses comments too BTW: I'll click on the email I'm sent informing me of a comment, but get taken just to the post and find the comment is missing. It's making me paranoid too! 😉
ok thanks Steve, that’s good to know on one level, but weird on another level!
I’ll email you the missing comment here. was about broadcasting stuff and some tips and suggestions.
Steve has developed a bark, he should check that out.
👆 – HOT PHOTOS OF MY SISTER 💞💥u💌
👆 – НАVЕ А GООD ТIМЕ – FIND YОUR LОVЕ! ♂💥z💋
What software is being used here?
Not to worry, I should have listen to a few more minutes to figure it out. I've found the Github repo.
When mentioning land as a non financial asset, wouldn't that also apply to the education / skills that a person has received / knows? i.e. that fact that a person has skills is not a liability to others.