I have been working on this blog for a few months now, exploring new concepts for economics. On the journey I have had a few insights that, as time has gone by, have acquired greater power to explain how our economy really works and direct us towards better models. In this short blog I am going to summarise these key insights and how they interact.
1. A Physics based economics
There is a simple and powerful way to define wealth in physical term. Wealth is intelligence applied to base matter. It is measured by the energy used to embed intelligence in base matter. Viewed through this model we can see the fundamental role energy has in building our economy and civilisation.