Path Dependence
The QWERTY keyboard was originally designed to slow typing down so that the keys on typewriters would not constantly jam. With computers we no longer have that problem, but we keep the same keyboard. Economists call this phenomenon “path dependence.” The term is used when past investments, such as training of a lot of people, [...]
Global Energy Denial
In the past few years the insight has arisen among an increasing number of energy experts that we are facing a problem with energy supply that had not previously been anticipated. This regards the issue of Peak Oil and the fact that we are not going to easily and inexpensively have access to large volumes [...]
