Even as I often criticize quantity thinking, I don’t mean to say that it is completely useless. Many quantitative truths are pervasively true. 2 + 2 = 4 in all situations, for example. This truth can be used for practical purposes like counting the number of people, animals, and houses. Numbers can be used for …
Economics has an unknown enemy in the Second Law of Thermodynamics, which says that entropy (disorder) cannot decrease in a physical process. If the net disorder is increasing, then how can there be net growth in wealth? Net growth in wealth is possible only with a net increase in order. Conversely, if net order in …
