The economic growth engine
Ayres, Robert U.
The economic growth engine how energy and work drive material prosperity / [electronic resource] : Robert U. Ayres and Benjamin Warr. - Cheltenham ; Northampton, Mass. : Edward Elgar, c2009. - 1 online resource (xxi, 411 p.) : ill.
"Published in association with the International Institute for Applied Systems Analysis (IIASA)."
Includes bibliographical references (p. 353-392) and index.
1. Background -- ch. 2. Technical progress -- ch. 3. Industrial metabolism : mass/energy flows -- ch. 4. Exergy conversion to useful work -- ch. 5. Economic growth theories -- ch. 6. The production function approach. -- ch. 7. Numerical results for the US and Japan -- ch. 8. Growth forecasting -- ch. 9. Economic growth and development : towards a catch-up model (simplified REXSF model) -- ch. 10. Conclusions, implications and caveats.
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.
9781848445956 (e-book)
2008937108
Economic development.
Power resources--Economic aspects.
Power resources--Technological innovations.
Thermodynamics--Economic aspects.
Technological innovations--Economic aspects.
Electronic books.
HD75 / .A925 2009
338.9
The economic growth engine how energy and work drive material prosperity / [electronic resource] : Robert U. Ayres and Benjamin Warr. - Cheltenham ; Northampton, Mass. : Edward Elgar, c2009. - 1 online resource (xxi, 411 p.) : ill.
"Published in association with the International Institute for Applied Systems Analysis (IIASA)."
Includes bibliographical references (p. 353-392) and index.
1. Background -- ch. 2. Technical progress -- ch. 3. Industrial metabolism : mass/energy flows -- ch. 4. Exergy conversion to useful work -- ch. 5. Economic growth theories -- ch. 6. The production function approach. -- ch. 7. Numerical results for the US and Japan -- ch. 8. Growth forecasting -- ch. 9. Economic growth and development : towards a catch-up model (simplified REXSF model) -- ch. 10. Conclusions, implications and caveats.
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.
9781848445956 (e-book)
2008937108
Economic development.
Power resources--Economic aspects.
Power resources--Technological innovations.
Thermodynamics--Economic aspects.
Technological innovations--Economic aspects.
Electronic books.
HD75 / .A925 2009
338.9