The ecologically unequal exchange (EUE) literature has provided ample empirical evidence for asymmetric transfer of material and energy resources from low-income to high-income countries. However, research has not been able to clearly specify the causal mechanisms driving these processes. This...

First, I update and wrap up the discussion on a monetary growth imperative, namely the argument that debt-money bearing interest triggers real GDP growth. I provide a detailed account of the different versions of the argument and show why none of them hold. In all cases, the argument is shown to...

We study how conflicting beliefs on future transition dynamics interact with short- termist preferences in shaping investment decisions. We develop a simple model where firms choose between two technological options (high- and low-carbon) based on their expected profitability over a finite...