Free Range Library indexes last updated 13:30, 07/11/2018
This form allows you to search the resource IDs and resource titles of the files in the Free Range Library. If a full match to a key cannot be found, a list of partial matches is returned.
International Journal of Transdisciplinary Research, vol.1 no.1 pp.4-22, 2006
Free Range Library News & Events
10/04/18: Library database engine updated.
28/08/17: Library database engine updated (FRAW Library should be listed on searches more easily now).
10/08/17: Further changes to the website architecture completed to allowed continued expansion of the library.
22/12/16: 14 papers have been added to the Extreme Energy, Climate Change and UK Government sections.
22/11/16: 60 papers have been added to the Extreme Energy section.
|Resource title||The Need for a New, Biophysical-Based Paradigm in Economics for the Second Half of the Age of Oil|
|Author(s)||Charles A.S. Hall, Kent A. Klitgaard|
|Publication/ source||International Journal of Transdisciplinary Research, vol.1 no.1 pp.4-22|
|Summary text/ abstract||The realization that the conceptual base for much of conventional economics is quite flimsy is no longer news to either those who follow events within the field or to many interested outsiders in the natural sciences. For an easy example, since 1998 a surprisingly large number of Nobel Laureates in economics (Joseph Stiglitz, George Akerlof, Daniel Kahneman, Robert Aumann, Thomas Schelling, and Amartya Sen) were people whose worked challenged, in various very fundamental ways, the basic existing paradigm of conventional neoclassical economics. (Neoclassical economics, which we abbreviate here as NCE, is sometimes called neoliberal, or welfare or "Washington Consensus" economics). More fundamentally, some twenty years ago in the journal Science, Nobel prize winner in economics Wassily Leontief found the basic models of economics "unable to advance in any perceptible way a systematic understanding of the operation of a real economic system." Instead they were based on "sets of more or less plausible but entirely arbitrary assumptions" leading to "precisely stated but irrelevant theoretical conclusions".|
|Library categories||Economics, 'Limits to Growth', Peak Oil|