Fourcultures recently pointed out the contentious relationship between computer-driven models and the reality they claim to be modelling.
More analysis of The Limits to Growth modelling is now published in American Scientist journal.
Charles A.S. Hall and John W. Day, Jr. 2009 Revisiting the Limits to Growth After Peak Oil American Scientist Vol 97 (May-June): 230-237.
Hall and Day claim ‘We are not aware of any model made by economists that is as accurate over such a long time span’ (p.235).
This complements a recent report from Australian government (CSIRO) scientist Dr Graham Turner, who revisited the business as usual projections of The Limits to Growth from 1972 and found that actual observation matched the projections pretty well. Continue reading “Models, reality and the limits to growth”