Warsaw, Poland

Energy Market and Energy Transformation

Rynek energii i transformacja energetyczna

Table of contents

Energy Market and Energy Transformation at SGGW

Definitions and quotes

Energy
In physics, energy is the quantitative property that must be transferred to an object in order to perform work on, or to heat, the object. Energy is a conserved quantity; the law of conservation of energy states that energy can be converted in form, but not created or destroyed. The SI unit of energy is the joule, which is the energy transferred to an object by the work of moving it a distance of 1 metre against a force of 1 newton.
Market
Market (economics)
Energy
The real key word that triggers my rage is the word "energy". When people start talking about positive or negative types, for instance, negative energy — what are you talking about? What do you mean? Let's think about it, what does energy mean? Well, we know what it means, you know, energy from petrol when it's burned and moves a car and makes it move, it's like this. "This room has positive energy." Now, where the fuck is it going, then? It's not moving. It's covering up such woolly thinking, such pathetic nonsense.
Stephen Fry on New Age use of the word "energy".
Market
The market does not exist in the pure state. It is shaped by the cultural configurations which define it and give it direction.
Pope Benedict XVI, Encyclical Letter Caritas in Veritate (29 June 2009), Chapter 36
Market
Economists' usual list begins with distribution of income. There is no reason to believe that the distribution of income that emerges out of market processes is desirable or acceptable. Unbridled market forces without any role of government might lead to a large number of people living under subsistence. This is an area for government to do something. We know that unbridled economic forces can lead to big booms and big recessions. We need to do something about that. We know that a market can lead to pollution -- and there's an important role for government there. We know that there will be under-investment in public goods. As we think about the innovation economy, we should remember that most of the innovation in the private sector is based on research financed by the government, such as its role in developing the Internet.
Joseph Stiglitz, on question "In what sphere of life, if any, do you think it most important to limit the influence of market forces?", in "Nobel Laureates Offer Views on the Economy", Wall Street Journal (Sept. 3, 2004)

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