Currently Browsing: Speculative Economics

Thoughts on entropy, energy and economics

This is one of many blogs in which I try to work out my picture of economics and its implications for our futures. These attempts will sometimes be sketchy and may take wrong turnings and need clarifications; this is because the subject is vast and complex. I want, as far as possible, to paint some big...

The good ship Society – a metaphor

Our collective social, political and economic stability is like a ship. This ship travels the waves of history, floating on the seas of time, partly immersed in the natural world and partly emerging from it. The ship is fairly stable. Sometimes things lurch about a bit, and of course there are, for some,...

Futuristic Money

My friend, the chemist and economist Peter Bowman, reminds me that money is ‘crystallised trust’. Another friend, the Art Historian Andrew Spira, describes money as ‘a promise’ . That is certainly what it says on the bank notes. And of course a promise and trust in that promise are...

What makes money?

Our modern economies revolve around money. The health of the economy, in one way or another, is measured in terms of sums of money. When people consider their futures, they think about the money (or lack of it) that will be involved. So what makes money? We’ll leave aside the trivial answer: mints or...