Re:Exponential Economist Meets Finite Physicist
by digi_owl on Monday September 14, 2015 @12:00PM
(#10215711)
On top of that you get Jevon's Paradox.
https://en.wikipedia.org/wiki/Jevons_paradox
Basically that improvements in efficiency leads paradoxically to more usage, as new uses becomes feasible.
Ultimately all life is based on exploiting energy gradients. Economic value without using more energy is ultimately an efficiency improvement, an investment of past energy which is proving beneficial.