Category Archives: Economics

Posts exploring the economic impacts of science and engineering. The value of strong science and engineering practice has many benefits to the economy – directly and indirectly. Many countries are focusing their future economic plans on advancing their scientific, engineering and technology communities and creating environments that support scientists and engineers.

The State of the Oceans

World’s oceans in ‘shocking’ decline

In a new report, [an expert panel of scientists] warn that ocean life is “at high risk of entering a phase of extinction of marine species unprecedented in human history”. They conclude that issues such as over-fishing, pollution and climate change are acting together in ways that have not previously been recognised.
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ocean acidification, warming, local pollution and overfishing are acting together to increase the threat to coral reefs – so much so that three-quarters of the world’s reefs are at risk of severe decline.
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The report also notes that previous mass extinction events have been associated with trends being observed now – disturbances of the carbon cycle, and acidification and hypoxia (depletion of oxygen) of seawater.

Levels of CO2 being absorbed by the oceans are already far greater than during the great extinction of marine species 55 million years ago (during the Paleocene-Eocene Thermal Maximum), it concludes.

The overfishing of our oceans has been a problem for over 100 years and a known problem, that we continue to give too little attention to. Adding to that impacts of climate change and the state of ocean life is in trouble. The decision of our population to not deal with the causes of climate change will have very bad consequences. It is a shame we have so little caring about the consequences of our decisions. And even sadder that our “leaders” do such an appalling job of leading – instead they pander to selfish immediate gratification.

Engineering Again Dominates The Highest Paying College Degree Programs

As usual most of the highest paying undergraduate college degrees in the USA are engineering. Based on data from payscale, all of the top 10 highest paying fields are in engineering. The highest non-engineering fields are applied mathematics and computer science. Petroleum Engineering salaries have exploded over the last few years to $93,000 for a starting median salary, more than $30,000 above the next highest paying degree.

Mid-career median salaries follow the same tendency for engineering degrees, though in this case, 3 of the top 10 salaries (15 years into a career) are for those with non-engineering degrees: applied mathematics, physics and economics.

	Highest Paid Undergrad College Degrees
Degree	Starting Median Salary	Mid-Career Median Salary	2009 starting salary
Petroleum Engineering	$93,000	$157,000
Chemical Engineering	$64,800	$108,000	$65,700
Nuclear Engineering	$63,900	$104,000
Computer Engineering	$61,200	$99,500	$61,700
Electrical Engineering	$60,800	$104,000	$60,200
Aerospace Engineering	$59,400	$108,000	$59,600
Material Science and Engineering	$59,400	$93,600
Industrial Engineering	$58,200	$97,400	$57,100
Mechanical Engineering	$58,300	$97,400	$58,900
Software Engineering	$56,700	$91,300
Applied Mathematics	$56,400	$101,000
Computer Science	$56,200	$97,700	$56,400

More degrees are shown in the following table, but this table doesn’t include all the degree; it just shows a sample of the rest of the degrees.
Continue reading →

Appropriate Technology: Washing Clothes by Machine Instead by Hand

Hang Rosling provides great presentations exploring economics and human well being. I agree with his point that we should be thankful for economic and engineering progress that has freed us from menial tasks and allowed us to spend our time in higher value ways.

We need to remember (as he shows) there are many in the world that still do not enjoy these advances. For example, a majority of the world must hand wash their clothes. Engineers should continue to focus on the mass of humanity that needs fairly simple solutions.

He is also right that we need to find solutions to the extremely heavy use of fossil fuels by the rich countries. If the rich countries don’t reduce the pollution there will be great problems. And if the costs of clean energy are not decreased (which they should do) fast enough (which is the question), those that start to be able to afford the rich lifestyle, will add to the dangers we face economically and environmentally of continuing the unsustainable energy footprint the rich countries have been making.

Why Do People Invest Large Amounts of Time and Money?

According to Neil deGrasse Tyson the reasons people/societies take on huge expenditures (Great Wall of China, Manhattan project, Apollo space missions, Spanish ocean exploration, TVA, Egyptian pyramids, Cathedrals):

defense/war
economic return
veneration to power

“The urge to discover is not there, I wish it were it is just not.” Many countries have figured out the economic benefits of large investments of science and engineering: China, Singapore, Korea… Europe and the USA are limiting such investments while continuing less useful spending. I think the results will be very obvious 20 years from now. It isn’t that the USA and Europe are not making such investments, they are, but at a much lower rate than probably is wise economically.

Nearly 1 million Children Potentially Misdiagnosed with ADHD in the USA

Nearly 1 million children in the United States are potentially misdiagnosed with attention deficit hyperactivity disorder simply because they are the youngest – and most immature – in their kindergarten class, according to new research by , Todd Elder, a Michigan State University economist.

These children are significantly more likely than their older classmates to be prescribed behavior-modifying stimulants such as Ritalin, said Todd Elder, whose study will appear in a forthcoming issue of the Journal of Health Economics (closed science, unfortunately). Michigan State should stop funding closed journals with free content – other schools have decided to put science first, before supporting a few outdated business models of select journals.

Such inappropriate treatment is particularly worrisome because of the unknown impacts of long-term stimulant use on children’s health, Elder said. It also wastes an estimated $320 million-$500 million a year on unnecessary medication – some $80 million-$90 million of it paid by Medicaid, he said.

ADHD is the most commonly diagnosed behavioral disorder for kids in the United States, with at least 4.5 million diagnoses among children under age 18, according to the Centers for Disease Control and Prevention.

The youngest kindergartners were 60 percent more likely to be diagnosed with ADHD than the oldest children in the same grade. Similarly, when that group of classmates reached the fifth and eighth grades, the youngest were more than twice as likely to be prescribed stimulants.

Overall, the study found that about 20 percent – or 900,000 – of the 4.5 million children currently identified as having ADHD likely have been misdiagnosed.

Nearly 45% of the electricity in Portugal Comes From Renewable Sources

Portugal Gives Itself a Clean-Energy Makeover

Five years ago, the leaders of this sun-scorched, wind-swept nation made a bet: To reduce Portugal’s dependence on imported fossil fuels, they embarked on an array of ambitious renewable energy projects — primarily harnessing the country’s wind and hydropower, but also its sunlight and ocean waves.
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Nearly 45 percent of the electricity in Portugal’s grid will come from renewable sources this year, up from 17 percent just five years ago.
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While Portugal’s experience shows that rapid progress is achievable, it also highlights the price of such a transition. Portuguese households have long paid about twice what Americans pay for electricity, and prices have risen 15 percent in the last five years, probably partly because of the renewable energy program, the International Energy Agency says.

Wind Power Capacity Up 170% Worldwide from 2005-2009

graph of global installed wind power capacity from 2005-2009

Chart showing global installed wind energy capacity by Curious Cat Science and Engineering Blog, Creative Commons Attribution. Data from World Wind Energy Association, for installed Megawatts of global wind power capacity.

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Globally 38,025 MW of capacity were added in 2009, bringing the total to 159,213 MW, a 31% increase. The graph shows the top 10 producers (with the exceptions of Denmark and Portugal) and includes Japan (which is 13th).

Wind power is now generating 2% of global electricity demand, according to the World Wind Energy Association. The countries with the highest shares of wind energy generated electricity: Denmark 20%, Portugal 15%, Spain 14%, Germany 9%. Wind power employed 550,000 people in 2009 and is expected to employ 1,000,000 by 2012.

From 2005 to 2009 the global installed wind power capacity increased 170% from 59,033 megawatts to 159,213 megawatts. The percent of global capacity of the 9 countries in the graph has stayed remarkably consistent: from 81% in 2005 growing slowly to 83% in 2009.

Over the 4 year period the capacity in the USA increased 284% and in China increased 1,954%. China grew 113% in 2009, the 4th year in a row it more than doubled capacity. In 2007, Europe had for 61% of installed capacity and the USA 18%. At the end of 2009 Europe had 48% of installed capacity, Asia 25% and North America 24%.

Hans Rosling on Global Population Growth

Hans Rosling provides another interesting TED talk. As he mentions economics plays a huge role in whether we will slow population growth. The economic condition plays a huge role in child survival which he calls “the new green.” Meaning the fate of the environment is tied to increasing child survival (and decreasing poverty). There are many important factors that will impact the fate of the environment but a big factor is world population.

Ironmaking at the National Museum of Science and Technology in Stockholm

Joakim Storck discusses pre–industrial Swedish and Japanese techniques for iron and sword making from a museum demonstration at Tekniska museet. Ironmaking at the National museum of science and technology, Stockholm 2005

Bricklaying is a messy story. The mortar consists of clay, sand and horse manure (if available), mixed with water to a fairly loose batter. The best finish is obtained if you work with your hands as the mortar is placed on, and smears with water so that the surface becomes smooth and fine. When then furnace is ready, it is dried through slow heating by wood without blasting, until the moist has been driven out of the mud. At this stage, heating should be quite cautious in order to avoid cracking.

Then, on Friday September 9, we went again with a fully loaded trailer from Dalarna in the direction of Stockholm. More than a few people were probably turning their heads when we passed, because the trailer was dominated by a large bellow — our newly built two chamber bellow with an estimated bladder capacity of up to 800 litres per minute. In addition, we brought fire wood, iron rods, pliers, some stumps and other stuff needed for the furnace operation.
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We made one run each on Saturday and Sunday. Each time we charged a total of about 10kg ore added in amounts of about 1kg every 20 minute. For each charge, we added about twice the amount of charcoal. Discharging of the loupe was scheduled for two o’clock, and by that time a fairly large crowd had gathered to see the show. This time we managed to get the loupe out of the furnace without too much trouble. Worse was that the process took longer than expected, but the crowd seemed to be patient and people stayed around until the end.

Antibiotics, Farming and Superbugs

Antibiotics and farming – how superbugs happen

Provocative new research from Boston University’s medical school and department of biomedical engineering now suggests, though, that multi-drug resistance can be acquired in one pass, through a different mutational process triggered by sublethal doses of antibiotics – the same sort of doses that are given to animals on farms.

In earlier work, the authors found that antibiotics attack bacteria not only in the ways they are designed to (the beta-lactams such as methicillin, for instance, interfere with staph’s ability to make new cell walls as the bug reproduces, causing the daughter cells to burst and die), but also in an unexpected way. They stimulate the production of free radicals, oxygen molecules with an extra electron, that bind to and damage the bacteria’s DNA.

That research used lethal doses of antibiotics, and ascertained that the free-radical production killed the bacteria. In the new research, the team uses sublethal doses, and here’s what they find: The same free-radical production doesn’t kill the bacteria, but it acts as a dramatic stimulus to mutation, triggering production of a wide variety of mutations