Economic Growth Enigma: Money or Energy

Professor Robert Ayres will be joining The Sustainable Development, Economy and Society Master Class at the ISG in Paris this year as a guest speaker on Thursday at 14:00.  You will find a short bio note summarizing some of the high points of his career and prolific  output just below. In his presentation  and in  the following question period Ayres will be looking at some important aspects of the future of the planet, which holds out some interesting clues for the future career and expertise choices of young people looking at a future business career.  As he rakes through the smoldering coals of a world soon to be  saddled with post-peak oil prices that will never again come back to “normal”, he may have a few clues for your future.

Archives: The Limits of Cost-Benefit Analysis

During the early nineteen sixties the famed development economist, Albert Hirschman negotiated with the International Bank of Reconstruction and Development, part of the World Bank group, the financial support that he needed for an extended visit to several WB development projects scattered throughout the poor areas of the world. The document where he reports his visit was the matter of much controversy between the IBRD staff and Hirschman. One of the major points of disagreement was the latter´s refusal to employ the technique of cost-benefit analysis, then very popular at the WB, as a measure of the success of a project.

Speeding to a standstill

This is an interesting and useful article. The topic is timely and important. The approach and methodology are interesting.  And in it  you will find a certain number of points  which I regard as timely, important and very much worth saying again and again. In a couple of instances I find their conclusions and interpretations a bit puzzling, but let me keep them to myself for now and avoid getting between you and the authors. It’s time to step aside and let them speak for themselves.

Earth, receive an honoured guest. In Memory of Albert O. Hirschman

Lyon. 12 December 2012. A personal tribute for my friends and family.

The news came in the middle of the night in the cold winter of Lyon. My professor and life example Albert Hirschman has left us. And I am finally very glad, because those last few years of illness were far too harsh for any man or woman to bear.

I have a hard time in organizing my thoughts this cold morning, but two things I do know and would like to share with you. The first being that Albert Hirschman was a great man and a huge influence in the field that he had chosen for his own, economics in the broadest sweep of the term.  And well beyond that.