A 20 manpower engine, shown in the 1670s vacuum engine experiments of German engineer Otto Guericke. |
“Technology has introduced a new methodology in the creation of physical wealth. It is now able to substitute energy for man hours on the parity basis that 1,500,000 foot-pounds equals one man's time for eight hours.
National income under the price system consists of the debt claims accruing annually from the certificates of debt already extant. Physical income within a continental area under technological control would be the net available energy in ergs, converted into use-forms and services over and above the operation and maintenance of the physical equipment and structures of the area.”