What's the REAL Connection Between ENERGY and ECONOMICS?

Описание: #BiophysicalEconomics #Math #EnergyAndEconomy #Thermodynamics #PostKeynesian

For over a century, mainstream economics has treated output as a simple combination of labor and capital, ignoring the physical laws that make production possible.

Professor Steve Keen joins us to unpack why this omission, what he calls the "Original Sin" of economics, has led to deeply flawed models of growth and efficiency. We'll examine how introducing energy transforms the Goodwin growth cycle, links GDP directly to energy use, and embeds the Second Law of Thermodynamics into economic thinking.

From waste and resource depletion to the energy return on investment (EROEI), we'll explore what a truly thermodynamically consistent economics looks like, and what it means for the future of growth, inequality, and sustainability.

📊 Topics Covered:
-Why economics ignored energy for 100 years
-Energy as the real driver of production and growth
-Waste, depletion, and the Second Law of Thermodynamics
-Reinterpreting the Goodwin model with energy
-What happens when EROEI declines

Join us every week for a live and unscripted Q&A session with renowned economists Ty Keynes and Steve Keen! In this open-format livestream, Steve answers your questions in real time, offering fresh insight into the global economy, financial instability, debt dynamics, ecological economics, MMT, and beyond.

Whether you're an economics student, critical thinker, or someone disillusioned with the mainstream, this is your chance to engage directly with one of the leading voices challenging conventional economic thought.

🧠 What to Expect:

Live answers to viewer-submitted questions

In-depth commentary on current economic issues

Critical takes on neoclassical economics

Discussions on alternative modeling approaches and policy implications

📅 When: Weekly – Check our channel for the next live session
🗨️ How to Participate: Tune in, drop your questions in the live chat, and join the discussion!

🔔 Subscribe and hit the notification bell so you never miss an episode.

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