Tuesday, September 13, 2011
Money As An Energy Transfer
Click on image for a better view
This diagram was drawn to show how the growth cycle can be maintained and how it can falter. It was based on a talk by Paul Callaghan that I heard on Radio NZ.
Since then, it has occurred to me that a similar flow chart could be made to show how stored energy from the Sun is passed on from person to person with money acting as a courier. In fact I would not be surprised if a mathematical model could be constructed to show how converted and stored solar energy is used when monetary exchanges take place. It also might reveal blockages when energy transfers are slowed down or diverted away prematurely from the rest of the community by unproductive activities.
The role of technology has a crucial part to play in the energy transfer processes. If we neglect to nurture science and its practical applications, then I think we could easily revert to a comparatively impoverished nation. Food for thought?