I agree that the analogy between money and energy is very direct. (2024)

I agree that the analogy between money and energy is very direct. In textbooks money is typically defined as a store of value and a medium of exchange. Certainly this is true. But the analogy becomes clearer when we consider that the "value" that money represents is “work”: the monetary value of goods and services is tied to the amount of work required to produce them or obtain them. When we exchange real goods and services for money we are exchanging past work for future work—or you might say, actual work for potential work. Money is a means to transfer work between people by transforming work between actual and potential states in time.

In physics, “work” is defined as the transfer of energy between objects, and energy is defined as the capacity to do work. Then the analogy between money and energy becomes even clearer: as a medium of exchanging work, the “value” represented by money is the “capacity to do work” — that is, “energy”. Money is thereby a means to transfer energy between people by transforming energy between actual and potential states in time.

We can extend the analogy even further by considering the physical definition of power as the rate of work performed in time. To the degree that money is potential energy—that is, the potential capacity do work, money is indeed (potential) power.

I really enjoyed your article and your exploration of the mapping between social (ie informational) and physical realms through thermodynamics. I will continue to mull the ideas in this article and try to share further thoughts later.

I agree that the analogy between money and energy is very direct. (2024)
Top Articles
Material vs. Minor Breach of Contract
JPM's Jamie Dimon believes Satoshi Nakamoto will either increase or "erase" Bitcoin supply
Lakers Game Summary
Rubratings Tampa
DPhil Research - List of thesis titles
Amtrust Bank Cd Rates
Explore Tarot: Your Ultimate Tarot Cheat Sheet for Beginners
ds. J.C. van Trigt - Lukas 23:42-43 - Preekaantekeningen
How to Watch Braves vs. Dodgers: TV Channel & Live Stream - September 15
Carter Joseph Hopf
Prices Way Too High Crossword Clue
Matthew Rotuno Johnson
Newgate Honda
C Spire Express Pay
No Strings Attached 123Movies
Nebraska Furniture Tables
Labor Gigs On Craigslist
Used Drum Kits Ebay
Mail.zsthost Change Password
Justified Official Series Trailer
Download Center | Habasit
Grandview Outlet Westwood Ky
De beste uitvaartdiensten die goede rituele diensten aanbieden voor de laatste rituelen
The best firm mattress 2024, approved by sleep experts
Hewn New Bedford
Ford F-350 Models Trim Levels and Packages
Engineering Beauties Chapter 1
SOGo Groupware - Rechenzentrum Universität Osnabrück
Star Wars Armada Wikia
Myra's Floral Princeton Wv
Bursar.okstate.edu
Sf Bay Area Craigslist Com
Manuel Pihakis Obituary
Unlock The Secrets Of "Skip The Game" Greensboro North Carolina
Jennifer Reimold Ex Husband Scott Porter
Tds Wifi Outage
Radical Red Doc
Nobodyhome.tv Reddit
Woodman's Carpentersville Gas Price
159R Bus Schedule Pdf
Paperless Employee/Kiewit Pay Statements
If You're Getting Your Nails Done, You Absolutely Need to Tip—Here's How Much
Craigslist St Helens
8 4 Study Guide And Intervention Trigonometry
German American Bank Owenton Ky
A Snowy Day In Oakland Showtimes Near Maya Pittsburg Cinemas
Strange World Showtimes Near Atlas Cinemas Great Lakes Stadium 16
Jesus Calling Oct 6
How to Choose Where to Study Abroad
login.microsoftonline.com Reviews | scam or legit check
Dinargurus
Latest Posts
Article information

Author: Van Hayes

Last Updated:

Views: 6577

Rating: 4.6 / 5 (66 voted)

Reviews: 89% of readers found this page helpful

Author information

Name: Van Hayes

Birthday: 1994-06-07

Address: 2004 Kling Rapid, New Destiny, MT 64658-2367

Phone: +512425013758

Job: National Farming Director

Hobby: Reading, Polo, Genealogy, amateur radio, Scouting, Stand-up comedy, Cryptography

Introduction: My name is Van Hayes, I am a thankful, friendly, smiling, calm, powerful, fine, enthusiastic person who loves writing and wants to share my knowledge and understanding with you.