I'm risking a Baco-Bits-level flaming for saying what follows, but what the heck.  It won't be the first time I've been roasted online...

I think articles like this one not only don't help the PO education effort, but actually hurt it slightly.

First of all, Tolkein has an interesting place as an author, in that a large percentage of mainstreamers know of him and/or his work, but have had their fill of both.  This is no doubt due in large part to way people still fawn over the movies, and is not a comment on the man or his work; it's just an observation about people reaching their saturation level.

Second, this kind of extended riff on "look at what a Great Person said about stuff that has haunting similarities to our situation" convinces almost no one.  It might play well with the already converted, but to many mainstreamers it sounds like a love child formed by the unholy union of a bad conspiracy theory and too many nights reading fantasy literature while stoned.  

It could have been worse; imagine a Star Wars, Star Trek, tarot card, Nostradamus, or Babylon 5 version.  If you just flinched, then you had exactly the same reaction I bet a lot of other people will have when reading the Ring article.

(Before you load up the catapult with a dead cow and aim it in my direction, let me say that I have a great love of fiction, particularly SF, albeit less so for fantasy.  I'm a published SF writer, in fact, with three dreadful stories in Analog.  So I'm not one of those two-dimension morons who "doesn't get" speculative fiction (SF&F); rather, I'm one one of those two-dimensional morons who likes it enough that I wanted to write it for a living, and actually convinced myselg it was a possible career path.  What, you thought economists sat around all day arguing about demand curves and Fed. policy?)

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On a totally different topic, did anyone else notice that from the Sept. to Oct. newsletters ASPO pushed their PO estimate from 2007 to 2010?  Must have been that case of 10W30 Colin Campbell found in his closet.

I had a similar reaction when I saw the article. It's a fun comparison to a point, but it doesn't shed any light on either Tolkein or peak oil, in my opinion.

In point of fact, it reminded me of the correlation in ID-FSMism that graphs the number of pirates against global average temperature. It's fun to look at and it's a good tool for starting conversations, but I don't see any other real value beyond that.

Lou-
Many economists write fiction for a living. Some even draw fiction-the Laffer curve was reportedly sketched on a dinner napkin. I'm just pleased to see an economist who is writing fiction by choice, and aware that he is doing so.

As for Tolkien, I don't think this piece will aid in education, but these sorts of analogies could help us cope. People think in narrative form, and fables and parables have been used as teaching tools for millennia.

We're going to need good examples and sources of hope. If we end up telling stories in a Jung-Campbell sacred mythology space to help us through, I'm ok with that.

"I'm just pleased to see an economist who is writing fiction by choice, and aware that he is doing so."

I'm going to mention your comment at the next Super Secret Economists Meeting (held in a Motel 6 outside Jersey City), right after we sacrifice a goat and then roll naked in the still-warm ashes of a burned copy of the Communist Manifesto.

You should expect a visit from our enforcer, Adam "Fat Tony Canoli" Smith.  

Naked book-burning economists in the Garden State! Who knew? Sorry, I was just being capricious. Besides, I like many other economists--Smith, Keynes, Simon, Pigou--in addition to you.

You can burn the Manifesto if you wish, but perhaps we shouldn't write off Marx entirely.  

If I recall Das Kapital properly, Marx thought that capitalists got their capital by misappropriation. Then they substituted capital for labor, including their own work. Not only were they lazy, but they got returns they really didn't deserve. A generation of swine.

Consider our own use of fossil fuels, the greatest source of concentrated labor-substitute the world has ever seen. Certainly future generations will believe that we misappropriated oil and gas, a one-off capital acount given to humanity by nature. We got enormous returns (both wise and foolish) from the happy accident of fossil fuels, and flared off the fruits of millions of years in a couple of centuries.

And when the oil and gas is all gone, we'll have to substitute labor for the capital we squandered. One could write a sci-fi economic morality play as opium for the masses ...