The Science of Physical Economy

The science of physical economy studies how material resources—like energy, raw materials, and manufactured goods—are produced, distributed, and used within an economy. It examines the physical flows and efficiencies involved in creating goods and services, emphasizing tangible aspects rather than only money and markets. By understanding these resource flows, we can assess sustainability, optimize production processes, and make better decisions for long-term economic health. Essentially, it connects economic activity to the physical laws of nature, highlighting that economic growth depends on how efficiently we manage and utilize finite physical resources.