Shortcomings in current economic thought and practice – now what?

A valuable read on the orders of magnitude of costs related to climate change. Thanks to Young-Jin Choi for the link. Quite obviously the numbers in this paper are not predictions as clearly stated by the authors. However, the differences between SCC and the proposed UCC (Table 1) reveal, in my view, fundamental shortcomings in current economic thought and practice.The characteristic time scale of most financial modeling is de facto set by the discount rates and is often ca. 30 yrs. Beyond that time horizon practically all calculations yield „0“. This article underlines that this „classical“ modeling approach in combination with the sole and terrible focus on GDP or GWP is the mathematical pendant to saying „I don’t care about future generations“. On the scale of enterprises and individual organization,…
Read More

Lepus – Our Company name

Lepus (/ˈlɛpəs/) is a constellation of 8 stars visible in the night sky just south of Orion. Its name is Latin for “hare”. Over many centuries stars have served as a simple and reliable means of orientation. In this spirit we chose Lepus as our company name, representing reliable navigation with the speed and agility of the hare.  
Read More