Doing a perfunctory search on google about Economics and Thermodynamics I found a bunch of articles about the second and third laws of thermodynamics as they apply to economics. Don’t worry, I will not talk about chaos or entropy, I will talk about the first law of thermodynamics: “The increase in the internal energy of a thermodynamic system is equal to the amount of heat energy added to the system minus the work done by the system on the surroundings.” In other words, the increase of the output of an economy is equal to the amount of work added to the economy minus the destruction of resources available to the economy. If you feel lost, do not worry. You intuitively know the first law of thermodynamics in the dictum “if it looks too good to be true, it is probably not true.” Applied to current economic systems and the environment, what the first law of thermodynamics tells us is that it is not possible to create and accumulate wealth without expecting to pay some price in some way.
We are living an era of extraordinary wealth, however, we are paying a high price for our generational wealth: the destruction of our biosphere. If we keep traveling our current road of accumulation of excess without changing our technology, we will most probably end up blowing up the boiler for everyone.
Franklin @ October 16, 2007