Munich Personal RePEc Archive

The Energetics of Economics (Money as access to Energy)

Ternyik, Stephen I. (2013): The Energetics of Economics (Money as access to Energy). Forthcoming in:


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Money is being portrayed as temporal access to energy and a new methodical approach to the energetics of the human economy is introduced.The economic evolution of world system energetics is put into the historical focus of all global monetary civilization, reaching back to Sumerian city states.This long wave energetics of human economic action clearly points to the biophysical boundaries of the globalized monetary production economy which is also based on natural law.The future perspective of a new socio-energetic order is discussed as a cognitive adaptation or learning process, responding to entropic volatility.

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