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‹download› book [pDf] The Economic Growth Engine: How Energy and Work Drive Material Prosperity (The International Institute for Applied Systems Analysis)
COPY LINK FOR DOWNLOAD ----------------------------------- https://areanagrandeori5758.blogspot.com/?grade=1849804354 Book Synopsis : The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundamental explanation of endogenous growth that is both quantifiable and consistent with the laws of thermodynamics. For two centuries fossil and other sources of energy (work) have been replacing human and animal muscles. Now our civilization is truly addicted to fossil energy availability at ever low prices. Can increasing efficiency compensate for coming scarcity? This is the crucial question. The most important implication of this is that future economic growth is not guaranteed because the efficiency gains that have driven growth in the past may not continue in the future.Exploring the theory of growth with an emphasis on the role of energy, useful work and technological change, this book wil
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Book Synopsis :
The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundamental explanation of endogenous growth that is both quantifiable and consistent with the laws of thermodynamics. For two centuries fossil and other sources of energy (work) have been replacing human and animal muscles. Now our civilization is truly addicted to fossil energy availability at ever low prices. Can increasing efficiency compensate for coming scarcity? This is the crucial question. The most important implication of this is that future economic growth is not guaranteed because the efficiency gains that have driven growth in the past may not continue in the future.Exploring the theory of growth with an emphasis on the role of energy, useful work and technological change, this book wil
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The Economic Growth Engine: How Energy
and Work Drive Material Prosperity (The
International Institute for Applied Systems
Analysis)
COPY LINK TO DOWNLOAD :
https://areanagrandeori5758.blogspot.com/?grade=1849804354
DESCRIPTION
The Economic Growth Engine: How Energy and Work Drive Material Prosperity (The International
Institute for Applied Systems Analysis)
The historic link between output (GDP) growth and employment has weakened. Since there is no
quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental
relationship between thermodynamics (physical work) and economics. The authors take a realistic
approach to explaining the relationship between technological progress, thermodynamic efficiency and
economic growth. Their findings are a step toward the integration of neo-classical and evolutionary
perspectives on endogenous economic growth, concluding in a fundamental explanation of endogenous
growth that is both quantifiable and consistent with the laws of thermodynamics. For two centuries fossil
and other sources of energy (work) have been replacing human and animal muscles. Now our civilization
is truly addicted to fossil energy availability at ever low prices. Can increasing efficiency compensate for
coming scarcity? This is the crucial question. The most important implication of this is that future
economic growth is not guaranteed because the efficiency gains that have driven growth in the past may
not continue in the future.Exploring the theory of growth with an emphasis on the role of energy, useful
work and technological change, this book will be of great interest to academics and students focussing
on growth theory, energy and ecological economics. It will also prove insightful to those concerned with
policy making or responding to changes in policy related to the energy-growth nexus.
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