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The Energetics of Economics (Money as access to Energy)

Author

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  • Ternyik, Stephen I.

Abstract

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.

Suggested Citation

  • Ternyik, Stephen I., 2013. "The Energetics of Economics (Money as access to Energy)," MPRA Paper 44850, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:44850
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    File URL: https://mpra.ub.uni-muenchen.de/44850/1/MPRA_paper_44850.pdf
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    Citations

    RePEc Biblio mentions

    As found on the RePEc Biblio, the curated bibliography for Economics:
    1. > Schools of Economic Thought, Epistemology of Economics > Heterodox Approaches > Thermoeconomics

    More about this item

    Keywords

    entropy; energetics; money; ecology; civilizing process; long wave cycles; economic history;
    All these keywords.

    JEL classification:

    • B41 - Schools of Economic Thought and Methodology - - Economic Methodology - - - Economic Methodology

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