Discover and read the best of Twitter Threads about #fivetimesfaster
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Excellent talk by Simon Sharpe @INETOxford just now, pointing out how the #climate crisis challenges economic #orthodoxy in several ways. Spoiler 🔥"Economics as a discipline has forgotten what the scientific method is" (@camjhep pointing to #heterodox ideas in defense)🧵
💡The premise: To meet our #climate goals, we need to reduce emissions globally by about 8% per year by 2030, as compared to the 1,5% p.a. achieved so far - hence the title of his book #FiveTimesFaster
1⃣ An #economy going through the rapid and far-reaching systems #transition this requires (acc. to @IPCC_CH) cannot be analysed in terms of #equilibrium, a sitation in which "nobody has any immediate reason to change their actions" according to the Oxford Dictionary of Economics. 
