@GrogsGamut@guardian@GeorgeMonbiot I have 50+ years of experience dealing with the media, the last 5 on #climatechange, so I felt Don't Look Up viscerally. That some media commentary sounded like it was lifted from the script pissed me off, #Mindy style. I'm not about to apologize.
@GrogsGamut@guardian@GeorgeMonbiot If you want to write about it, go right ahead. I'll happily resubscribe. But the media not getting #climatechange was a major theme in #DontLookUp, and the fact that it's turning up in commentary on the film is .. Strange, Love.
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@KaiGehring1@TOClimates@MaxCRoser Sorry Kai. I’m just beyond frustrated by the tendency of economists to ignore the impossibility of production without energy, and their ignorance of just how close we are to exhausting the planet’s stocks of vital inputs to production. To flesh out why: /1
@KaiGehring1@TOClimates@MaxCRoser (A) Energy. The Cobb Douglas Production Function dominates economic modelling now: L&K in, Y out; no role for energy. When it's included (eg Engström & Gars 2016) it's a 3rd factor in the CDPF with an exponent based on income shares of 0.03. That means, for example, that /2
@KaiGehring1@TOClimates@MaxCRoser an 85% fall in energy input would cause a 5% fall in output: no big deal.
But "labor without energy is a corpse; capital without energy is a sculpture" econpapers.repec.org/article/eeeeco…. So the correct form is not Y=F(K,L,E) but Y=F(K(E)*L(E)). /3