This seminar focuses on the economics of energy. How does the economic way of thinking help us understand the energy market, and recent events like the California blackouts. I discuss the content of the economics of energy chapter in my forthcoming textbook, Principles of Economics, and how marginal analysis can help us understand the limitations of unreliable energy sources, as well as the world’s continued reliance on hydrocarbons for energy.
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Global energy production composition, 1900-2016:
- Alex Epstein’s website, based on his excellent book The Moral Case for Fossil Fuels
- Michael Schellenberger’s book: Apocalypse Never
- Alex and Michael’s recent interview on the California energy crisis.
- Global Warming Policy Foundation report finds UK consumers face £2-3 Billion Annual Bill To Prevent Green Energy Blackouts.
- Report on Germany’s renewables threatening its grid and economy
- Ball and Lee, Energy Aftermath
- Think Markets, the blog of the NYU Colloquium