One of the joys of being a public intellectual (ahem) is that publishers send you freebie books. As the MIT Press has just done with Vaclav Smil’s “Growth” for which I thank them.
In which we find this:
“Although economists have a long history of ignoring energy, all economic activities are, in fundamental physical (thermodynamic) terms, simple or sequential energy conversions aimed at producing specific products or services.”
No, they’re not. And if you start off like this, as he does in his consideration of the economy, you’re not going to get to the right answer either.…See More