A YOUNG PERSON’S GUIDE TO THE ECONOMY
Tim Morgan’s Guide
Category «Background Comment»
Mould: The not-so-silent threat in people’s homes
In January 2023, I wrote about the silent threat lurking in people’s homes. Surveyors have reported a tenfold increase in calls from worried landlords and homeowners who have discovered damp and mould hiding in their properties – and threatening to cause chaos. And how today’s standards may be tomorrow’s problems. Sooner than I expected, the BBC website …
The Long-Term Effects of Limited Energy Availability
Examine each block in Orcop-Prospecta and describe the long term effects on each of no FF being available and only limited renewable energy available the use of which must be limited to essentials. ChatGPT Examining each block in the Orcop-Prospecta framework, let’s analyze the long-term effects of no fossil fuels (FF) being available and only …
Changing Priorities in a Shrinking Economy
There is a problem. The economy is shrinking. So, the relative priority of the blocks will be different from my implicit assumption, with some aspects fading into history. How should I deal with this? ChatGPT says: Addressing the changing priorities in a shrinking economy for your “Orcop – Prospecta” website involves acknowledging the shifting context …
The Replacement of Renewables
The following are copies of an exchange of comments on Tim Morgan’s Surplus Energy Blog confirming my view that the current policies being followed worldwide are misguided. ***** The resource requirements for RE expansion and replacement are enormous and would place vast demands on the legacy FF energy needed to access and process them. Even …
Internal Migration to Areas where there is Natural Water
Me: As the UK economy shrinks, the water companies will cease to be viable. Some areas without natural water will become relatively less attractive for localist liing. Where are they? ChatGPT In the UK, areas with limited natural water resources are typically those with lower rainfall and higher demand, often in the southeast and east …
Building houses in a shrinking economy
Me: Write a piece about where to build houses in a shrinking economy related to watersheds dealing with drinking water, flooding, generating electricity, animal farming and communication ChatGPT In the face of a shrinking economy, strategic decisions regarding housing development become even more crucial. As communities navigate challenges such as dwindling resources and environmental concerns, …
The central tenets of economic evolution
One of the central tenets of economic evolution is the concept of competition. Just as organisms compete for limited resources in the natural world, firms compete for market share, customers, and profits in the economic realm. This competition drives innovation, efficiency gains, and the selection of superior business models, much like natural selection favors traits …
Economics as an Evolutionary Process
Write a piece about economics as an evolutionary process ChatGPT Economics, as an evolutionary process, embodies the intricate dance of human interactions, resource allocation, and adaptation within dynamic environments. Rooted in the foundational principles of scarcity, choice, and opportunity cost, economic systems evolve over time, shaped by the interplay of diverse factors such as technology, …
Religion in localism
This piece is speculative. Examples of what happens are required. In localism, religion may take on a unique and diverse character shaped by each community’s specific values, traditions, and histories. While some localist communities may adhere to established religious institutions and practices, others may embrace more eclectic or alternative forms of spirituality. At the core …