This suggests a "Power Theory of Value", that energy consumption and economic wealth are tied by a constant. Importantly, this is a falsifiable hypothesis. And, as shown above, it seems to be borne out by the data. Summing wealth over all the world’s nations, 7.1 Watts is required to maintain every one thousand inflation-adjusted 2005 dollars of historically accumulated economic production.http://nephologue.blogspot.com/2018/05/a-power-theory-of-value.html
