Category Archives: Enerconics

The Price of Fish III

In the price of fish II I took the general concept of two societies with different costs of essentials (fish) and derived a relationship between fish (essentials) and shell necklaces (luxuries). This showed that the two were related in value … Continue reading

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Enerconics v. Spontaneous Innovation

This article focusses on one of the assumptions of the theory of enerconics which is whether innovation drives economic growth or whether we innovate as a result of economic growth.

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The Value of fish II

In the Value of Fish I considered two societies where the only difference was the rate at which they could secure life’s necessities (9 fish a day). In this article I want to generalise that concept. Let: d = average … Continue reading

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The value of fish

In general, considering all of human history we can very roughly categorise the time a person spends into two: Working to provide the necessities of life – without which that person will die. Time after having provided for the necessities … Continue reading

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Enerconics IV

Previously: Enerconics: The Relationship between Energy and GDP Enerconics II The Enerconic or society energy multiplier (III) Summary As most people will be aware, if energy prices rise, the price of raw materials like iron also rises and that in … Continue reading

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Enerconics simplified

Enerconics is the use of energy as a gold standard of economics. The reason this works is because there is a very close relationship between (inflation adjusted) GDP and world energy consumption (including sources like wood). The easiest way to … Continue reading

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The Enerconic or society energy multiplier

In my last article Enerconics II I introduced the concept of the energy multiplier. In other words, we effectively create a pseudo-perpetual motion machine in the sense that the total apparent energy available to society is far higher than the … Continue reading

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Enerconics II

It’s a while since I originally wrote my first article “Enerconics: The Relationship between Energy and GDP” in which I presented evidence showing that GDP was closely related to energy usage both in terms of differences between global economies and … Continue reading

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Wind is a net consumer of energy.

According to the principle of enerconics, the price of a commodity is a good proxy for energy used in securing that commodity. (http://scottishsceptic.co.uk/2013/10/18/enerconics-the-relationship-between-energy-and-gdp/) To illustrate this, let’s imagine a perfect electricity power store which costs nothing to build and can … Continue reading

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Enerconics: The Relationship between Energy and GDP

This is a write up of a presentation I gave which Neil Craig has been badgering me to put on line. It was written for a Scottish audience, but the argument and conclusion are valid worldwide. An Energy Policy to … Continue reading

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