Reflections is a continuing series of short essays exploring ideas that have developed from my work in emergy and systems ecology. The essays address emergy, economics, information, systems ecology, and related subjects. Some revisit established concepts from a different perspective, while others explore ideas that are still developing.
Reflection #1
6 minute read
Money, Wealth, and Debt
The first Reflection examines the distinction between money, wealth, and debt, and considers the growing divergence between financial claims and the biophysical processes that ultimately sustain them.
Reflection #2
5 minute read
Continuing — Money, Debt, and Energetic Capacity
This Reflection continues the discussion of money and debt by comparing monetary flows with the emergy required to sustain economic production. It introduces Gross Emergy Product (GEmP) as a biophysical counterpart to GDP and uses emprice to examine the opposing flows of money and resources through the economy.
Reflection #3
5 minute read
Energy Shocks and Economic Reorganization
This Reflection examines how major energy disruptions reorganize economic activity by constraining the empower available to production. It contrasts monetary interpretations of energy shocks with an emergy perspective and considers how prices, scarcity, and speculation redistribute energy through the economy.
Reflection #4
8 minute read
Supply, Demand, Price, and Maximum Empower
This Reflection reexamines the familiar supply-and-demand framework from a systems perspective. It considers price as a feedback mechanism that reallocates energy, materials, and information, and relates this process to the Maximum Empower Principle. It concludes by asking how monetary price can be connected more directly to the biophysical processes that sustain economic production.
Reflection #5
5 minute read
EMPRICE and the Inversion of Economic Value
This Reflection examines emprice as a measure of the emergy obtained per dollar spent. It distinguishes use value from exchange value and shows how, as resources move through successive stages of processing and exchange, monetary price rises while emprice declines. This inversion reveals the difference between monetary valuation and the capacity of goods and services to sustain and organize work.
Reflection #6
8 minute read
Information, Form, and Labor in Emergy Accounting
This Reflection examines information as an essential component of production. It considers information embodied in the organization and form of materials and in the knowledge carried by labor and services. It shows how organization requires emergy to create and maintain, is degraded through use, and must be continually rebuilt through new emergy inputs.