January 3, 2014

The Entropy of Nations


GLOBAL ENERGY INEQUALITY LESSENS, BUT FOR HOW LONG?

The 18th century writer Adam Smith provided a workable metaphor for the way society utilizes resources.  In his book “The Wealth of Nations,” he argued that even as individuals strive, through personal industry, to maximize their advantage in life, they inadvertently contribute---as if under the influence of a “hidden hand”---to an aggregate disposition of wealth.  Well, if Smith were a physicist and alive in the 21st century he might be tempted to compare people or nations to molecules and to replace the phrase “hidden hand” with “thermodynamic process.”