Nate Hagens is back on the Reality Report. This program connects diverse topics such as energy supply, economics, ecology and evolution, neuroscience, sociology and thermodynamics. We begin by reviewing the global energy situation, and in that context ask if the Maximum Power Principle (sometimes referred to as the fourth law of thermodynamics) explains our apparent inability to recognize the true nature of the crisis. At the end we discuss what the Maximum Power Principle implies for how societies may chose, and be forced, to adapt to energy decline.
Nate is a former Wall Street investments manager and has an MBA from University of Chicago. He is working on his doctorate at the University of Vermont's Gund Institute for Ecological Economics. Nate is also an editor for The Oil Drum, an online source for news, analysis and discussions about energy and our future.
Thank you!