Overshoot day August 20: will “economic” reality meet resource reality?
Let us look at overshoot day from the point of view of economics. By economics I mean the technology of keeping track of housekeeping with resources and keeping track of material obligations to those around us. Economics does not need to be restricted to counting with money. Other measures can be used. And it is fascinating to try it. In this case we can consider that a Nation has its own household that it needs to keep fed and housed, and has its natural resources to do it. We start with a situation however where many nations are living over their means. […]