Saturday, December 21, 2019

Garrett's Constant shows economics inextricably linked to physics

The existence of a mathematical “constant” tying society to physics offers a critical piece of the human puzzle: economic wealth is inseparable from energy consumption; any diminished capacity to recover the energy necessary to maintain the steady hive of civilization must lead to economic collapse. If for whatever reason we fail to adequately fuel ourselves, we can expect the cyclic motions of our machines and ourselves to slowly grind to a halt. Our interest in crypto-currency or the auction price of a self-destructing Banksy will be replaced by more primal values like having a can-owner for opening a can of Spam. In the logical extreme, with an absence of food, we will wither and die, with all our perceptions of economic worth buried along with us.