Replacing the Gold Standard with an Energy Standard

Published Jan 8, 2011 by ideonexus

It has been suggested by an ingenious thinker that it is possible to use as a standard of monetary value no substance whatever, but instead, force, and that value might be measured in units of energy. An excellent development this, in theory, at any rate, of the general idea of the modern State as kinetic and not static; it throws the old idea of the social order and the new into the sharpest antithesis. The old order is presented as a system of institutions and classes ruled by men of substance; the new, of enterprises and interests led by men of power.

H.G. Wells, A Modern Utopia (2004)

Notes

An interesting idea; however difficult to quantify. It does set monetary standards to something more practical than a rare metal or credit evaluations.