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Whatever the market does, it has to operate within bounds determined by the laws of Physics, in particular thermodynamics. Money doesn't make the world go round, free energy does. And information entropy is not a metaphor, it is a physical phenomenon. Also, what is your dietary daily allowance of bits?

To all those economists out there: is there a source of Leontief Input-Output parameters available on the web, so we can actually put some legs on the argument that the fraction of the GDP that is spent buying energy is not representative of the energy's impact on the economic system?

A society committed to the notion that government is always bad will have bad government. And it doesn't have to be that way. — Paul Krugman

by Migeru (migeru at eurotrib dot com) on Tue Oct 18th, 2005 at 08:54:48 AM EST
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