(Around Tokyo, a little old pictures) SECTION I: HISTORY OF ENERGY
Fundamentals of economy are of course energy and technology, since capital, labor forces, consumers, and regulators cannot easily discover, develop, and commercialize energy and technology without expertise in this field.
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History of Energy in the United States: 1635-2000
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The most striking of these entrances, however, is that of petroleum and natural gas. The curves depicting their consumption remain shallow for several decades following the success of Edwin Drake's drilling rig in 1859, but begin to rise more steeply in the 1920s. Then, interrupted only by the Depression, the curves climb at increasingly alpine angles until 1973. Annual consumption of petroleum and natural gas exceeded that of coal in 1947 and then quadrupled in a single generation. Neither before nor since has any source of energy become so dominant so quickly.
Figure 1. Energy Consumption by Source, 1635-2000
(Quadrillion Btu)
(Click to magnify.)http://www.eia.doe.gov/emeu/aer/eh/frame.html
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If you observe the earth from the outer space as an extraterrestrial being, you would surely focus on the use of energy by mankind to see the state of welfare of mankind but not on the use of money.
Indeed, according to the energy conservation law and the law of increase in entropy, you, an extraterrestrial being, would estimate some rise of ambient temperature on the earth.
But, if you, an extraterrestrial being, are a historian of the space, you would surely understand that mankind entered the era of petroleum after the American Civil War that was fought in early 1860's.
As in Japan, economy also drastically changed when the last samurai regime fell in late 1860's, we can easily understand implication in the observation by the extraterrestrial being.
We cannot solve fundamental problems of economy today as long as we are still in the era of petroleum.
We cannot solve them forever; but we can leave them and enter a new era of new energy sources.
Japan and the U.S. should cooperate in this enterprise to pave a miracle way for glorious prosperity of mankind in the 21st and the 22nd centuries...
SECTION II: GRAVITY
Mr. Toshihide Maskawa (Masukawa), a Japanese winner of 2008 Nobel Prize in Physics, for the first time traveled overseas when he visited Stockholm, Sweden, to attend the Nobel award ceremony, though he graduated from Nagoya University, Japan, in 1962.
http://en.wikipedia.org/wiki/Toshihide_Maskawa
His young friend, one of co-winners of 2008 Nobel Prize in Physics, Mr. Makoto Kobayshi has been mainly in charge of attending academic meetings held outside Japan for decades or until 2008.
But, very recently Mr. Masukawa was invited to Korea and China, and made some speech to students there.
He encouraged South Korean and Chinese students, saying that they would soon see Nobel Prize winners from their countries, because it is almost 30 years since the two countries, so close to Japan, started to evolve into modern society.
The very bigoted genius Mr. Masukawa seems to be still very much interested in gravity, since its "effective" work range is too small in comparison with, say, electromagnetism, though gravity reaches to the infinite distance no matter how small it is.
As I once wrote the energy of electromagnetism acts orthogonally against gravity.
Accordingly, the energy of electromagnetism cannot be converted to gravity.
No matter how much you receive the electromagnetic energy from the sun or your cell phone, your weight does not increase.
But, in what coordination or in what manner electromagnetism and gravity cross each other is a big question.
So, I thought that light, the original form of electromagnetism, slides on the surface, while gravity becomes hollow from the surface of the energy space which must have four or more dimensions.
However, when this material universe was first generated the two types of energy, light and gravity, must be one. But, a negligible moment later, they were forever separated at a right angle.
(The Einstein's equation, E = mc^2, suggests this background, since m is mass and c is the light speed. If m is lost, energy is released in the form of light with reasonable energy. Maybe it can be called a phenomenon at a crossing point of the two axes of mass and light.)
Just like this, there are two or more elements in the space of a human mind that have no compatibility to one another.
The energy induced by money and that by God cannot be interchangeable.
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In contrast, economics must deal with many interchangeable elements.
Maybe, the total amount of real and virtual money in a nation must be compatible with the total amount of assets and capacity of producing assets...
Luk 12:1 In the mean time, when there were gathered together an innumerable multitude of people, insomuch that they trode one upon another, he began to say unto his disciples first of all, Beware ye of the leaven of the Pharisees, which is hypocrisy.