Abstract

The separation of technological and economic science has maintained the illusion that knowledge itself, when applied to nature, can generate industrialization. The implicit equation “TECHNOLOGY=NATURE plus KNOWLEDGE” ignores the social component of (UNEQUALO EXCHANGE. A global, thermodynamic perspective reveals that world market prices are an intrinsic aspect of the reproduction of industrial technomass. Global exchange rates have to guarantee a net transfer of “exergy” (free energy) to industrial sectors, and industrial technology, as the art of managing these thermodynamic profits, thus remains confined to a restricted social space. The accelerating destruction of the biosphere can only be checked by breaking the entropy-rewarding logic of general-purpose money.