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We make more things, but we consume less resources to do it today than ever before. That was the essential point of Andrew McAfee's book and his discussion on E
by CraigJPerry 7y ago
We make more things, but we consume less resources to do it today than ever before. That was the essential point of Andrew McAfee's book and his discussion on Econtalk the other week.
https://www.econtalk.org/andrew-mcafee-on-more-from-less/ https://www.econtalk.org/andrew-mcafee-on-more-from-less/
That appears to be backed up here too; this article reports that the $GDP per kWh is increasing over time.
Does this then mean that reducing GDP will have disproportionately LESS of an effect on energy consumption than it will have on value? I.e. we will have to take a much bigger hit on value produced to effect energy consumed.
- hliyan 7y agoI don't think the author is suggesting reduction of GDP, but the reduction of GDP growth...
- lonelappde 7y agoYou are conflating KWhr with KWhr/production. KWhr is increasing because production is increasing faster than efficiency is increasing.