The Economics of Entropy (1) - #money #environment


	The Economics of Entropy (1) - #money #environment

JICWyllie

7-31-2009 12:28 PM

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tags:

1-delusion, 1-entropy, 1-interest rates, 2-consequences, 2-risks, 3-argued, 3-research, 4-intl

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7-31-2009 1:18 PM

Lexica

Looks like an interesting article. Bookmarked to read more carefully when I have time.

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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/213d8c8c-848b-4744-95b7-dfa13d9120df/07F7057E-199F-4023-BD5B-59D41C9353BA/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.energybulletin.net/49740" href="http://www.energybulletin.net/49740" style="font-size: 11px;">www.energybulletin.net</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740"> Entropy is the gold standard of physics, the one thing you can count on even 
when the rest of the cosmos seems to be going haywire. What makes it unpopular, 
rather, is that it stands in stark conflict with some of the most deeply and 
passionately held convictions of modern industrial humanity.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740">All energy everywhere, left to itself, always moves from higher to lower 
concentrations: that’s the second law of thermodynamics.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740">It took an extraordinarily complex series of processes, more time than the human 
mind has evolved the ability to grasp, and an equally unimaginable amount of 
energy lost to entropy, to produce the highly concentrated fossil fuels we’ve 
wasted so profligately over the last three hundred years.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740">Economics, once again, feeds this blindness.</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740"> Most of them, however, explicitly reject the role of entropy in the primary 
economy</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740"> the tertiary economy</blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.energybulletin.net/49740">is anti-entropic – it produces a steady increase in value over time, which is 
the theoretical justification for interest</blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;">&nbsp;</td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/07F7057E-199F-4023-BD5B-59D41C9353BA/blog/" title="blog or email this clip"><img src="http://content7.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>