With economies stumbling, the cost of living rising at rates not seen in forty years, and world markets gripped by nervousness, there are two ways to interpret current economic turbulence. We can, if we choose to believe it, see these changes as temporary – caused by the lasting effects of the recent pandemic, compounded by the war in Ukraine – and assure ourselves that the ‘normal’ state of continuous economic growth will return once these crises are behind us.
The economy is an energy and material system
The economy is an energy and material system
The economy is an energy and material system
With economies stumbling, the cost of living rising at rates not seen in forty years, and world markets gripped by nervousness, there are two ways to interpret current economic turbulence. We can, if we choose to believe it, see these changes as temporary – caused by the lasting effects of the recent pandemic, compounded by the war in Ukraine – and assure ourselves that the ‘normal’ state of continuous economic growth will return once these crises are behind us.