We live in a finite world. Clearly, a finite world has assorted limits of various kinds. Yet economists and many other researchers use predictive models that assume that these limits are unimportant, at least for the foreseeable future.

via The Energy Collective – The world’s best thinkers on energy & climate http://theenergycollective.com/gail-tverberg/266116/oil-prices-lead-hard-financial-limits