麻豆无码版

News Digest Item
12 Feb 2018

Economic models don鈥檛 give enough weight to energy

Handelsblatt

Many economic models are based on the assumption that energy only contributes about five percent to production outcomes and that it can be substituted with one of the other factors such as labour or capital, Norbert H盲ring writes in Handelsblatt. He quotes economist , who says that models about future production should incorporate the physical reality that energy plays a central role that cannot be substituted.

Read the article in German .

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