How Energy Defines and Constrains Our Progress. While a bank as an institution may be a fairly recent construct, the concept of money is quite older. It was just so much more convenient than bartering. From commodity money, representative money and on to fiat. Argues that it requires too much energy. In rough calculations the combined forms of money use 0. 63e17Joules each year to be in existence. And using energy may be the oldest concept known.

Jueves, 9 de abril de 2009.

Thursday, March 26, 2009. This piece on Iceland reminds me of what went on in Narvik, Norway. Now, the town has closed a school and slashed services for the elderly. Wall Street on the Tundra. April 2009, Vanity Fair Magazine. In just three or four years an entirely new way of economic life had been grafted onto the side.

The time atlas project has been closed down. A brief outline of future development. The Time Atlas is a project under .