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Energy, entropy, creativity
This book helps to understand the importance of thermodynamics for economics, the environment and society. It argues for the integration of the first two laws of thermodynamics into textbook economics. In doing so, systemic similarities in thermodynamics and the theory of economic growth lead to the use of similar mathematical methods that allow industrial economies to be described realistically. From this, the authors propose tools for solving social and environmental problems. The book is aimed at all those interested in interdisciplinary research on the development problems of the economy and society and who want to understand what drives their upheavals. The authors of the book have been...
The Second Law of Economics
Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, an...
Real World Economics
An engaging, important text calling for the reform of economics and pushing for the discipline to become an honest and effective tool for democracy.
Science and the Wealth of Nations
As Paul Krugman pointed out in his 2013 New York Times Op-Ed piece entitled “The New Growth Fizzle,” idea-based growth theory has been a bust. In this volume, an alternative approach is presented, one that, unlike existing growth theory, is consistent with the laws that govern material processes in general, with the historical record from time immemorial, and with data. Specifically, it provides compelling rationalizations of the 1970s productivity slowdown, Robert Solow’s information paradox and the failure of policy in Western industrialized nations to restore growth rates. Drawing from classical mechanics and thermodynamics, it provides a consilient account of the material processes that were the very subject of political economy in the 19th century and economics in the 20th and 21st centuries.
Energy, Complexity and Wealth Maximization
This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary "progress." The massive circular flow of goods and services between producers and consumers is not a perpetual motion machine; it has been dependent for the past 150 years on energy inputs from a finite storage of fossil fuels. In this book, you will learn about the three key requirements for wealth creation, and how this process acts according to physical laws, and usually after some part of the natural wealth of the planet has been exploited in an episode of "creative destruction." Knowledge and natural capital, particularly energy, will interact to power the human wealth engine in the future ...
Digitisation and Low-Carbon Energy Transitions
The world is digitising as the need for low-carbon transitions gains urgency. Decarbonising energy requires the digital process control of energy production, transmission and end use. Diversified electrification across sectors requires real-time digital coordination of distributed energy production, At the same time, digitisation is accompanied by significant increases in energy demand, partly compensated through energy efficiency gains. The emergent linkages between digitisation and decarbonisation that constitute and enable the twin transition are the subject of this book. The collection features authors from across the social sciences who situate digitisation and low-carbon energy transitions in the socio-technical and political economic contexts in which they unfold, to offer insights on the dynamics and contingencies of digitisation in and beyond the energy sector. This is an open access book.
Crossing the Energy Divide
If we continue our highly inefficient, dangerous energy usage, we’re headed for both economic and environmental catastrophe. However, the hard truth is that alternative fuels can’t fully replace fossil fuels for decades. What’s more, new research indicates that energy inefficiencies are retarding economic growth even more than most experts ever realized. Crossing the Energy Divide is about solving all these problems at once. The authors, two leading experts in energy and environmental economics, show how massive improvements in energy efficiency can bridge the global economy until clean renewables can fully replace fossil fuels. Robert and Edward Ayres demonstrate how we can radically ...
Human Evolutionary Demography
Human evolutionary demography is an emerging field blending natural science with social science. This edited volume provides a much-needed, interdisciplinary introduction to the field and highlights cutting-edge research for interested readers and researchers in demography, the evolutionary behavioural sciences, biology, and related disciplines. By bridging the boundaries between social and biological sciences, the volume stresses the importance of a unified understanding of both in order to grasp past and current demographic patterns. Demographic traits, and traits related to demographic outcomes, including fertility and mortality rates, marriage, parental care, menopause, and cooperative b...
Making World Development Work
"The authors reexamine world development - usually the province of economists - as professionals trained in the natural sciences. They show how we have and might use tested scientific and technical procedures and concepts, as well as science itself, to achieve much better results than what has been characteristic of the past. Leclerc and Hall contend that to scholars with a scientific background, the process of development, and the economic logic behind it, often look almost surrealistic. The basic question at the foundation of this review is this: Why should something so important as world development, something capable of absorbing such vast sums of money and of human goodwill, something that impacts the people and the environment so much, continue to be organized and planned using economic techniques and theories that are both unconfirmed experimentally and proven to have led to development failures?"--BOOK JACKET.
