ENERGY ANALYSIS AND ECONOMIC VALUATION

1) Explains in broad terms the technical reasons why the energetic dogma is wrong, 2) uses the analytical representation of a multi-process for discussing the general problem of energy analysis. On this basis shows where the recent claims that energy analysis is the rational basis for economic valuation go wrong, 3) on the bisis of the impossibility of reducing matter to energy shows that economic choice is a purely economic matter, not a physico- chemical one. Finally applies some of these results to the problem of what constitutes a viable technology, as distinct from feasible recipes. Investigates the viability of a technoly based on direct use of solar radiation through the recipes known at present, and concludes that such a technology is not viable. -Author