Archive for the tag “natural capital”

The Third Curve: Book excerpt and TEDx video

An excerpt from Peak Oil India member Mansoor Khans new book The Third Curve: The End of Growth. As we know it! as well as a link to a TEDx talk he gave at the KCG College of Technology, Chennai.

The Third Curve
A New Lens to Understand our New Economic Reality

Financial markets are under threat. Growth rates are dropping.
The age-old remedies prescribed to boost economic growth are proving ineffective, if not outright dangerous.
Five years after the 2008 global financial crash, nothing seems to work as per projections.
But what if the rules of the game have inverted?
What if economic growth is eluding us for a reason that we have discounted all this while?
What if there are indeed limits to growth?
Yes, the Modern Industrial World stands at a crucial and unavoidable turning point. The sacrosanct paradigm of modern economics, namely perpetual growth, is in the process of ending. Our economic growth model makes 2 simple yet amazingly unreasonable assumptions:
1. That money is the currency that runs the world. In fact it is energy.
2. That we have limitless energy & other resources on a finite planet.
These assumptions appeared to hold true for the last 150 years – the first half of oil reserves. But now we are about to begin the second half of the story of oil. This half-way point of oil is an unprecedented point in history and is called Peak Oil. Peak Oil is not an ideology but an aspect of geology – the point of maximum oil extraction from the earth.
This geological limit is what defines what will be economically possible in the future starting right now. The global economic collapse of 2008 was the advent of this turning point because past the peak we get only less oil. Therefore less industrial and economic growth. This spells doom to the religion of perpetual economic growth.
This book is NOT directly about morality, justice, equity, environmental consciousness and other noble human values. It is about the head-on collision between:
* Our total acceptance of an infinite economic growth model which is not possible.
AND
* Our total denial of the finiteness of the earth which is evident.

We need a new lens to understand this inversion of economic reality. The Third Curve provides us that lens.
It identifies the root cause of the malady by reminding us of the forgotten relationships between money and energy, capital and resources, concept and reality. Read more…

Book launch: Actor Aamir Khan releases The Third Curve

third curve

The Third Curve, a new book by Peak Oil India group member Mansoor Khan is just out. More info on the book, the author and event schedule can be found at: www.mansoorkhan.net. To watch a video of a TEDx Talk by Mansoor, click here 

Press release
October 2013: Actor Aamir Khan, hosted the launch of his cousin, Mansoor Khan’s book, The Third Curve The End of Growth As We Know It, at The India International Centre, New Delhi.

The event was attended by several dignitaries holding prominent and respectable positions in the Government of India, academic luminaries, as well as business personalities across various industries. They were keen to understand Mansoor’s paradigm shifting claim that economic growth is not just in trouble for the moment but over for good. Read more…

Fire Accounting

(Deeply inspired by Charles Eisensteins books The Ascent of Humanity and Sacred Economics)

By Mansoor Khan

Today’s reality is governed by the laws of economics and accounting has therefore become a key discipline in developing and maintaining our modern industrial world. Balance sheets, ledgers, costs and sales all lead to the final profit and loss statement that is supposed to tell us whether an enterprise was worthwhile or not. We constantly need to make sure that we have accounted for all input costs and that their sum is less than the output price. Or else we would have to use some of our savings to run the show. And spending your capital is a taboo in economics. So accounting has a responsibility towards the very survival of the enterprise. Let us see how accounting has fared through history.  Read more…

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