Money doesn’t make the world go round; energy does. And the days of cheap energy are over, according to a new book. What does this mean for civilisation? Simon Wilson reports.
Is the end of the world nigh?
Almost, according to Tim Morgan, former head of global research at Tullett Prebon. In a new book called Life After Growth, he argues that anyone expecting the global economy to bounce back from the crisis that began in 2008 radically underestimates its seriousness and misunderstands its nature. Morgan’s core idea is that while economics is fixated on money, what really [...]
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