Abstract

Human Energy in our Economy

Our Abstract

The energy for human thought and human efforts derives directly from renewable solar energy. Just as energy units can be standardized, human energy can be standardized and used as a renewable energy basis for considering values in a human economy. The Human Renewable Energy Measure or HREM, aka The HERM, is a starting point for measuring the fairness of human economies.

How do we know what is fair without a measurement? How does a person know value without a standard?

Creating an equitable economic system for human energy (physical and intellectual) requires a base equation for the value of human energy input. A base value can be standardized with a chosen measure or equation that expresses human physical and intellectual effort. This standard valuation can then represent real economic value and be used as a peg for the currency of any country.

The HREM can be augmented by special abilities and higher education, but the base Human Renewable Energy Measure always guarantees fundamental rights to each person: education, food, and shelter.

Background on Our Project

Throughout history, there has never been a base measurement for human renewable energy (thought and physical effort). Our economic system functions on subjective valuations of human accomplishment (wages, minimum wage) and a belief system in the form of currency that is based on no consistent value.

A system of human energy (physical and intellectual) valuation needs to be created, because human effort is what runs economies and is its source of value. Human energy, therefore, should be the peg for its currency. The HREM is a way of thinking about creating a base equation for our an economic systems.

How does a person know where he is if he has no map, no measure for distance, no compass, or other locating device? There is actually a joke about this: A man had to bail out of his plane and landed in a field. A hiker appeared nearby, so the man asked him where he was. The hiker said, “You are in a wheat field.” The man said, “You must be an economist.” The hiker said, “Yes, but how did you know?” The man replied, “You just gave me perfectly accurate information and told me nothing.”

There is a need for a measure or axiom for human renewable energy. This measurement is needed so people everywhere can have a base number from which to calculate their own value, assess the fairness of their economic systems, and from which to base the value of their currency.

When value in an economy is based on human energy effort, adjustments will become clear as to how the wealth and resources of each nation can be distributed to benefit the majority of human population.   An economic system that has currency pegged to the value of human renewable energy empowers all human intelligence to design the best economic and economical solutions and will become organically self-adjusting toward the benefit of everyone.

If we are going to create a type of currency that would stabilize value and present less opportunity for inflation, deflation, and manipulation, we need a decentralized resource everyone can produce and has real free market potential upon which to base currency. Presently, the value of our dollar, and by extension the value of currency throughout the world (because the dollar is the “preferred currency”), is linked to fossil energy prices.

Fossil energy is the amplifier for human energy that has made possible the forms of human civilization we know today. Without it, we would still be doing everything by hand. However, these fossil resources and prices are controlled by a small group of people in a subjective manner. Fairness will start to evolve as we create more renewable sources for energy, gradually replacing fossil fuel. This means currency will be pegged to the most basic renewable energy: human renewable energy, both physical and intellectual.