Wednesday, June 28, 2017

Why economics is just a physics problem

Garrett : "As a global organism, like these shipping vessels at an oil rig, our civilization collectively feeds on the energy in coal, oil, natural gas, uranium, hydroelectric power and renewables. Civilization continually consumes these resources to accomplish two things: the first is to propel all civilization’s internal “economic” circulations including our attention; the second is to incorporate raw materials into our structure in order to grow and maintain our current size against the ever present forces of dissipation and decay."