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History has recorded two distinct global systems thus far: "laissez faire/metal money," which spanned most of the 19th century and lasted until the outbreak of World War I, and "mixed economy/weak multilateralism," which began after 1945 and exists today. The period between the two systems, 1914-1945, was a chaotic transition. This evolutionary pulsation...

Just to "maintain" our standard of living, we need to grow the worldwide economy at an unsustainable rate.

As we seek to hit such lofty targets, we're bound to deplete our resources and cause environmental crises on a scale that we have never seen before. Revolutions, terrorism, and wars will follow.

Peter Pogany examines the problems we face and argues that human culture is governed by thermodynamic cycles of steady states interrupted by chaotic transitions. Specifically, he postulates that a steady state was interrupted by World War I, with a chaotic transition following World War...