From Straw Man to Steel Man: Energy and Economic Narratives - Understanding Physical Constraints in Economic Outcomes

Explore the complex interplay between energy constraints and economic outcomes in this thought-provoking lecture by Carey King, Research Scientist and Assistant Director of the Energy Institute at The University of Texas at Austin. Delve into the often-overlooked physical constraints, primarily energy-related, that significantly impact social and economic systems. Examine how a lack of understanding of these constraints permeates politics, policy-making, business decisions, and economic theory, leading to hollow energy and economic narratives. Investigate the paradox of simultaneously demanding conflicting outcomes from politicians while criticizing ineffective policies. Gain insights into the interdependent energy-related connections within the economy and their implications for sustainable growth. Learn about concepts such as narrative axes, Cope's Rule, and the Harmony Model to better comprehend the complexities of energy economics. Analyze historical perspectives, including the 1970s energy crisis, and engage with contemporary questions surrounding resource decoupling and technological changes in the energy sector.