Recent analysis of relativistically expanding shells of cosmological
gamma-ray bursts has shown that if the bursts are cosmological, then most
likely total energy (E_0) is standard and not peak luminosity (L_0). Assuming a
flat Friedmann cosmology (q_o = 1/2, Lambda = 0) and constant rate density
(rho_0) of bursting sources, we fit a standard candle energy to a uniformly
selected log N-log S in the BATSE 3B catalog correcting for fluence efficiency
and averaging over 48 observed spectral shapes. We find the data consistent
with E_0 = 7.3^{+0.7}_{-1.0} X 10^{51} ergs and discuss implications of this
energy for cosmological models of gamma-ray bursts.Comment: A five page LateX file that uses the Revtex conference proceedings
macro aipbook.sty, and includes three postscript figures using psfig. To Be
published in the Proceedings of the Third Hunstville Symposium on Gamma-Ray
Bursts, eds. C. Kouveliotou, M.S. Briggs and G.J. Fishman (New York:AIP).
Postscript version availible at http://nis-www.lanl.gov/~jsbloom/LOG_S.p