Understanding the role of energy in the economy

There is some debate about the role of energy in the economy. Many economists say that it is demand that fuels economic growth. But Robert Ayres says otherwise. He says that without energy, capital cannot function, and indeed there can be no work without energy.

Robert Ayres makes some good points. See for yourself.

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.