Missing from the Mainstream: The Biophysical Basis of Production and the Public Economy

June Sekera

No 17-02, GDAE Working Papers from GDAE, Tufts University

Abstract: Just as mainstream economics neglects the biophysical basis of production and disregards energy as the most fundamental input, it likewise ignores the existence of the public economy. Both types of denialism threaten the ability of societies to develop energy solutions that can meet the needs of the polity. This article calls for a new theory of the public economy and it outlines elements of such a theory. Both a biophysical economics and a new public economics are needed to address the energy challenges confronting modern societies.

Date: 2017-05
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