The Magic of the Experience Curve

Jenny Chase

Chapter 7 in Solar Power Finance Without the Jargon, 2019, pp 45-50 from World Scientific Publishing Co. Pte. Ltd.

Abstract: One of the problems with economics and finance as sciences is that they tend to find a relationship in the past and assume it will continue into the future. This works well, until it doesn’t. Unlike with physics, there tend to be more variables than actual data, and experiments (for example, policy changes in the real world) generally change all the variables at once in a very unscientific way. It’s very difficult to tell what will happen until it does, after which it is so obvious that any idiot should have predicted it…

Keywords: Climate Change; Energy Economics; Solar Power; Renewable Resources; Sustainable Technology; Finance (search for similar items in EconPapers)
JEL-codes: G20 G30 Q01 Q40 Q43 (search for similar items in EconPapers)
Date: 2019
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