Showing posts with label Economics. Show all posts
Showing posts with label Economics. Show all posts
Wednesday, July 23, 2014
Monday, July 21, 2014
Friday, July 18, 2014
Monday, July 7, 2014
Friday, December 20, 2013
Wednesday, November 27, 2013
Monday, November 18, 2013
Friday, October 25, 2013
Wednesday, October 16, 2013
Monday, October 14, 2013
Friday, October 11, 2013
Wednesday, October 9, 2013
Friday, September 13, 2013
Thursday, August 15, 2013
Some Thoughts on Abiotic Oil.
By Gene Ogorodov
Opponents of the Peak Oil Theory invariably turn to Thomas Gold's Abiotic Oil Theory which proposes that oil (and all other hydorcarbons) are not by products of bio-matterial. Rather, the theory suggests, oil is a naturally occurring carbon byproduct of the earth's mantle. Other than a chemical experiment at Carnegie Mellon that produced natural gas under conditions that mirrored the earth's mantle, I have no idea what to make of the theory. Gold might be right, but the conventional explanation might also be correct. Eventually scientific experimentation will show the world a likely answer.
However, the ambiguity of the origin of oil should not give one hope that the Hydrocarbon Age will last forever. The crisis of Peak Oil is not that there will be no more oil in the future, but that current rates of consumption are unsustainable. Considering that since the early 1980's the world has consumed more barrels of oil per year than it discovered necessitates that the fears of over consumption are true.
Tuesday, August 6, 2013
Introducing Pine Flag Books Edition of Theories of Surplus-Value by Karl Marx
By Gene Ogorodov
Nothing shows the hard work and impressive genius of Karl Marx as well as Theories of Surplus-Value. Every academic worthy of being called an academic is intimately familiar with the work and major hypotheses of their contemporaries and most influential predecessors, and economics is a field of study no less professional than any other academic field, but few economists have gone through the Sisyphean task of describing and deconstructing every idea in the field. That is what Marx does in Theories of Surplus-Value. Only Marx, Schumpeter, and Wolff and Resnick have presented what may be truly called detailed comparisons of economic theories and theorists. However, Theories of Surplus-Value also gives an excellently detailed picture of the underlying logic behind Marxian Economics. Alongside Capital and the Grundrisse, Theories of Surplus-Value ranks as one of the most essential economic works of Karl Marx and the Marxian Tradition.
Nothing shows the hard work and impressive genius of Karl Marx as well as Theories of Surplus-Value. Every academic worthy of being called an academic is intimately familiar with the work and major hypotheses of their contemporaries and most influential predecessors, and economics is a field of study no less professional than any other academic field, but few economists have gone through the Sisyphean task of describing and deconstructing every idea in the field. That is what Marx does in Theories of Surplus-Value. Only Marx, Schumpeter, and Wolff and Resnick have presented what may be truly called detailed comparisons of economic theories and theorists. However, Theories of Surplus-Value also gives an excellently detailed picture of the underlying logic behind Marxian Economics. Alongside Capital and the Grundrisse, Theories of Surplus-Value ranks as one of the most essential economic works of Karl Marx and the Marxian Tradition.
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