Claim A: "If the price of energy rises as fast as GDP, then this GDP growth is inflation rather than real growth."
Claim B: "If the price of energy and all other prices rise as fast as GDP, then this GDP growth is inflation rather than real growth."
Claim C: "For GDP to continue really growing (exponentially) given constant energy, the price of energy must continue falling (exponentially) relative to GDP."
I claim that C follows from A, and that the physicist asserts A and deduces C, but I claim that A is false and that C is also false. I claim that B is true, but that C does not follow from B, and that the physicist would agree with B but goes beyond claiming B in also claiming A, as indeed he needs to in order to deduce C. What part of this do you disagree with?
Hmm. I think I might be agreeing with you, but I think I need to unpack what we mean by "inflation" to make sure I'm not tripping myself up somewhere.
Suppose I need 10 kW to survive and power my computer, and spent all of my non-energy income on funny cat videos. We start off with me spending $10k on energy and $90k on cat videos, and I get 9,000 cat videos. We then move to me spending:
The first situation, once nominal changes in the value of the ...
A dialogue discussing how thermodynamics limits future growth in energy usage, and that in turn limits GDP growth, from the blog Do the Math.
I think this is quite relevant to many of the ideas of futurism (and economics) that we often discuss here on Less Wrong. They address the concepts related to levels of civilization and mind uploading. Colonization of space is dismissed by both parties, at least for the sake of the discussion. The blog author has another post discussing his views on its implausibility; I find it to be somewhat limited in its consideration of the issue, though.
He has also detailed the calculations whose results he describes in this dialogue in a few previous posts. The dialogue format will probably be a kinder introduction to the ideas for those less mathematically inclined.