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« What litmus test for leadership? | Main | Prelude »

March 14, 2008

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Trinifar

"What causes the cost of energy to go up? And why does this impact the purchasing power of a monetary unit, say the dollar? The first one is ultimately very simple to answer. You have to use energy to get energy."

Your emphasis on net energy is spot on, to use the Brit phrase. And the comparison between a gold-standard and a free-energy standard is exactly what mainstream economists should be responding to.

George Mobus

Thanks Trinifar.

I am working a bit more on the idea of pegging monetary units to energy units. I'd like to do some work on how a 'shadow' accounting system might work to identify costs in energy units. Several ecological economists, Daly, Costanza, et al, have done some work along these lines. I will have to investigate where they stand on it.

George

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