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RE: STE(E)Mposium #0.0 - An explanation and (hopefully) public brainstorm
I'm not exactly sure what's trying to be said here. Which of those black and white categories would this post fit under?
I'm not exactly sure what's trying to be said here. Which of those black and white categories would this post fit under?
Sorry @thatsweeneyguy ..I don't always succeed in getting across what I have in mind - one of my many weaknesses!
You and I may love finding the true and truly useful relationships between between things and have a passion for sharing such insights. This sadly does not seem to be the trend here. I became aware of this as only a handful of readers have taken the trouble to look in depth at what I am attempting to share, and applaud it for what it is worth. I sincerely hope you succeed in gathering interest groups around topics of their liking.
I see the real relationship between energy and real production to indicate this commodity to be the most sensible interface between economic calculations and reality, as neither time nor emotional evaluations interfere with this relationship. In spite of the fact that the majority of economic assets, like information and the arts cannot be evaluated in terms of energy, the critically important ones that keep us alive to a very large degree can. And the greater the role automation plays in provision of life supporting goods and services, the stronger the relationship between energy and staying alive and healthy becomes.
Based on the above, a currency with a unit purchasing power for energy (say for one unit of electricity / one kilowatt-hour of energy) can IMO serve as convenient means for expressing at least real economic quantities in figures independent of time and market sentiment.
How well this somewhat more scientific approach to economics will fit into your STEM environment I do not know, considering that, rightfully, dedicated scientists tend not see economics as a true science!