Insight and inspiration in turbulent times.
This means that there are a number of ecological economic needs for a change in the structure of the Nottingham economy which will have to happen – above all relocalisation of economic relationships, particularly in food production.
The era of cheap oil is rapidly coming to an end, ushering in ‘economic peak oil’ – the point at which the cost of incremental supply exceeds the price economies can pay without significantly disrupting economic activity at a given point in time.
The slow recovery from the financial crisis and recession of 2007 – 2009 has become a centerpiece of the Presidential election. In last Tuesday’s debate, Mitt Romney, picking up on a theme that has been emphasized by John Taylor, contrasted the current slow recovery with the much faster recovery from the 1981 – 1982 recession.
