This lecture shows that the Physiocrats were the only school of thought to be consistent with the Laws of Thermodynamics in their model of production, and derives a production function in which energy plays an essential role.
This is the fifth of six lectures I recorded that I gave to the Exploring Economics Summer School (https://www.exploring-economics.org/e…) held just outside the city of Erfurt in southern Germany (I recorded all but the second lecture).
As an Economic Analysis, I think the technocracy analysis of Debt based money being unable to deal with the Modern Abundance produced by Dense energy production methods is a very good one.
Exposing the Dark Agenda Behind the “Resource-Based Economy”
4 thoughts on “Technocracy, Energy Based Economics, Howard Scotts St Pierre Hotel Speech and some Comments.”