QUESTION 30 Calculations of Energy return on investment (EROEI) are key to Kent Klitgaard's view that we face both secular stagnation and a failure to grow. How does a shrinking EROEI contribute to the problem of a low rate of return on capital? Lower EROEI affects the profits of oil companies, but the problem of Secular Stagnation is much broader, so though the issues are connected, the bigger question is the whether the biophysical limits of the planet are being reached Lower EROEI is basically a myth, and not relevant EROEI shouldn't matter that much because no matter how it works out, energy prices are set by a secretive global cartel controlled rainly by the Queen of England, George Soros, and certain bankers who take these issues one at a time. EROEI from fossil fuels is shrinking, and now has fallen below that of coal, and because EROEI is the single determinant of profitability, the world economy is doomed to continued shrinkage and possibly collapse no later than 2020. QUESTION 31 Why did so many leading economists endorse financial deregulation in the years leading up to the financial crisis of 2008? Because they nocepted monetary inducements (contracts, honorario, fees, emoluments) from the financial services Industry, according to the documentary film fride Job. Because they focused on mathematical models of efficiency rather than on the lessons of economic history, especially pre-1929 history Because there were significant professional Incentives - career advancement, inclusion in elite gatherings, prestigious government appointments for endorsing the views of Milton Friedman, Alan Greenspan, and Ben Bernanke rather than the dissents of Hyman Minsky, Joseph Stiglitz, or Brooksley Bourne. All of the above