¶ Time-energy Economics
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Index Entry
Time-energy Economics:
"I work on metabolics, the distribution of energy processes. We have internal metabolics and we have externally regenerative Universe; we have big and little, different kinds of creatures in energy magnitudes. So what we are really studying in economics are these energy exchanges and times and cessation rates.
"So there really is a logical accounting system. It was very logical to have agriculture paced to the annual system when you could only last 30 days without food or you were going to starve; and so the fiscal year was an annual year. But when we get into an industrial system it’s quite different; but they proceeded to try to encompass the whole industrial pattern into a completely inappropriate agricultural pattern.
“The point is that from the very beginning I’ve been working on time-energy economics. Time-energy economics is called cosmic accounting. It views the total system in interaction with the celestial system. Where is our energy income? Where is our energy? What is our inventory? What is the planetary inventory? The biosphere inventory? There is a point at which there is just so much and you’re not going to get any more.”
