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Energy And The Wealth Of Nations Understanding The Biophysical Economy

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Energy and the Wealth of Nations

Energy and the Wealth of Nations [Pdf/ePub] eBook Author: ,
Editor: Springer Science & Business Media
ISBN-10: 9781441993984
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Energy and the Wealth of Nations by , Book Summary:

For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, and as energy supplies and the environmental impacts of energy production and consumption become major issues on the world stage, this exemption appears illusory at best. In Energy and the Wealth of Nations, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the EROI for finding and exploiting new oil fields, and whether alternative energy technologies such as wind and solar power meet the minimum EROI requirements needed to run our society as we know it. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.

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Energy and the Wealth of Nations

Energy and the Wealth of Nations [Pdf/ePub] eBook Author: Charles A.S. Hall,Kent Klitgaard
Editor: Springer
ISBN-10: 3319662198
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Energy and the Wealth of Nations by Charles A.S. Hall,Kent Klitgaard Book Summary:

In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.

Download or read Energy and the Wealth of Nations book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.


Anthill Economics

Anthill Economics [Pdf/ePub] eBook Author: Nathanial Gronewold
Editor: Rowman & Littlefield
ISBN-10: 1633886530
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Anthill Economics by Nathanial Gronewold Book Summary:

Does modern economic theory violate the basic laws of nature and physics? That is the question that award-winning environmental and energy writer Nathanial Gronewold sets out to answer in Anthill Economics. Drawing from the nascent field of biophysical economics, Anthill Economics puts forth a radical new way of thinking: as 21st-century citizens, the global economy truly is our human ecosystem. It is where raw materials are sourced, goods are supplied, energy is converted, and capital is exchanged. Shouldn't it stand to reason that the same principles that affect animal ecosystems (like population density, habitation patterns, and energy return on investment) similarly apply to our –albeit more complex –human ecosystem, too? With an innovative and cross-disciplinary approach, Gronewold draws comparisons from both the animal kingdom and the atomic world. The rollercoaster-like rise and fall of the caribou population on a remote island can teach us about resource allocation. The behavior of squirrels gathering nuts is a lesson in energy return on investment. Could the high unemployment rates of anthill colonies shed light on problems with the human job market? And, will global warming change these patterns for humans and insects alike? Furthermore, if certain laws of physics can be used to explain the distribution of energy in a complex physical system, could these same laws also explain the distribution of money in a complex economic system as well? This clearly written book full of illuminating ecological analogies provides a more complete understanding of human commerce shaped by the rules of nature and laws of physics.

Download or read Anthill Economics book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). Does modern economic theory violate the basic laws of nature and physics? That is the question that award-winning environmental and energy writer Nathanial Gronewold sets out to answer in Anthill Economics. Drawing from the nascent field of biophysical economics, Anthill Economics puts forth a radical new way of thinking: as 21st-century citizens, the global economy truly is our human ecosystem. It is where raw materials are sourced, goods are supplied, energy is converted, and capital is exchanged. Shouldn't it stand to reason that the same principles that affect animal ecosystems (like population density, habitation patterns, and energy return on investment) similarly apply to our –albeit more complex –human ecosystem, too? With an innovative and cross-disciplinary approach, Gronewold draws comparisons from both the animal kingdom and the atomic world. The rollercoaster-like rise and fall of the caribou population on a remote island can teach us about resource allocation. The behavior of squirrels gathering nuts is a lesson in energy return on investment. Could the high unemployment rates of anthill colonies shed light on problems with the human job market? And, will global warming change these patterns for humans and insects alike? Furthermore, if certain laws of physics can be used to explain the distribution of energy in a complex physical system, could these same laws also explain the distribution of money in a complex economic system as well? This clearly written book full of illuminating ecological analogies provides a more complete understanding of human commerce shaped by the rules of nature and laws of physics.


The Changing Wealth of Nations 2018

The Changing Wealth of Nations 2018 [Pdf/ePub] eBook Author: Glenn-Marie Lange,Quentin Wodon,Kevin Carey
Editor: World Bank Publications
ISBN-10: 1464810478
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The Changing Wealth of Nations 2018 by Glenn-Marie Lange,Quentin Wodon,Kevin Carey Book Summary:

Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.

Download or read The Changing Wealth of Nations 2018 book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). Countries regularly track gross domestic product (GDP) as an indicator of their economic progress, but not wealth—the assets such as infrastructure, forests, minerals, and human capital that produce GDP. In contrast, corporations routinely report on both their income and assets to assess their economic health and prospects for the future. Wealth accounts allow countries to take stock of their assets to monitor the sustainability of development, an urgent concern today for all countries. The Changing Wealth of Nations 2018: Building a Sustainable Future covers national wealth for 141 countries over 20 years (1995†“2014) as the sum of produced capital, 19 types of natural capital, net foreign assets, and human capital overall as well as by gender and type of employment. Great progress has been made in estimating wealth since the fi rst volume, Where Is the Wealth of Nations? Measuring Capital for the 21st Century, was published in 2006. New data substantially improve estimates of natural capital, and, for the fi rst time, human capital is measured by using household surveys to estimate lifetime earnings. The Changing Wealth of Nations 2018 begins with a review of global and regional trends in wealth over the past two decades and provides examples of how wealth accounts can be used for the analysis of development patterns. Several chapters discuss the new work on human capital and its application in development policy. The book then tackles elements of natural capital that are not yet fully incorporated in the wealth accounts: air pollution, marine fi sheries, and ecosystems. This book targets policy makers but will engage anyone committed to building a sustainable future for the planet.


Beyond GDP

Beyond GDP [Pdf/ePub] eBook Author: Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney
Editor: Springer
ISBN-10: 3319128205
Size: 1982 kb
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Beyond GDP by Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney Book Summary:

This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.

Download or read Beyond GDP book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.


Science and the Wealth of Nations

Science and the Wealth of Nations [Pdf/ePub] eBook Author: Bernard C. Beaudreau
Editor: Cambridge Scholars Publishing
ISBN-10: 1527569403
Size: 1361 kb
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Science and the Wealth of Nations by Bernard C. Beaudreau Book Summary:

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.

Download or read Science and the Wealth of Nations book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). 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 Return on Investment

Energy Return on Investment [Pdf/ePub] eBook Author: Charles A.S. Hall
Editor: Springer
ISBN-10: 3319478214
Size: 455 kb
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Energy Return on Investment by Charles A.S. Hall Book Summary:

This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of “progress” are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization. Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of “green” technologies that creates the boundary conditions for a sustainable future.

Download or read Energy Return on Investment book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This authoritative but highly accessible book presents the reader with a powerful framework for understanding the critical role of the energy return on investment (EROI) in the survival and well-being of individuals, ecosystems, businesses, economies and nations. Growth and development are fundamental and ubiquitous processes at all scales, from individuals to food crops to national economies. While we are all familiar with the concepts of economic growth and living standards as measured by gross domestic product (GDP), we often take for granted the energy use that underpins GDP and our expectations for year-on-year growth. In this book, you will learn how these measures of “progress” are completely dependent on the balance that can be achieved between energy costs (inputs) and gains. Nothing is made or moved without an energy surplus, and it is the EROI of available energy sources more than any other single factor that determines the shape of civilization. Nearly all politics and economics assume that policy and market forces are the levers upon which future outcomes will hinge. However, this book presents many examples of historical and current events that can be explained much more clearly from an energetic perspective. In addition, a future scenario is developed that gives a central place to EROI in assessing the potential of governmental and private initiatives to substitute so-called renewable energy sources for diminishing stocks of fossil fuels. When cheap fossil fuels are no longer available in the abundance needed to mask economic problems and power business as usual, it will be EROI more than the plethora of “green” technologies that creates the boundary conditions for a sustainable future.


Why Information Grows

Why Information Grows [Pdf/ePub] eBook Author: Cesar Hidalgo
Editor: Basic Books
ISBN-10: 0465039715
Size: 469 kb
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Why Information Grows by Cesar Hidalgo Book Summary:

"Hidalgo has made a bold attempt to synthesize a large body of cutting-edge work into a readable, slender volume. This is the future of growth theory." -- Financial Times What is economic growth? And why, historically, has it occurred in only a few places? Previous efforts to answer these questions have focused on institutions, geography, finances, and psychology. But according to MIT's antidisciplinarian Cér Hidalgo, understanding the nature of economic growth demands transcending the social sciences and including the natural sciences of information, networks, and complexity. To understand the growth of economies, Hidalgo argues, we first need to understand the growth of order. At first glance, the universe seems hostile to order. Thermodynamics dictates that over time, order-or information-disappears. Whispers vanish in the wind just like the beauty of swirling cigarette smoke collapses into disorderly clouds. But thermodynamics also has loopholes that promote the growth of information in pockets. Although cities are all pockets where information grows, they are not all the same. For every Silicon Valley, Tokyo, and Paris, there are dozens of places with economies that accomplish little more than pulling rocks out of the ground. So, why does the US economy outstrip Brazil's, and Brazil's that of Chad? Why did the technology corridor along Boston's Route 128 languish while Silicon Valley blossomed? In each case, the key is how people, firms, and the networks they form make use of information. Seen from Hidalgo's vantage, economies become distributed computers, made of networks of people, and the problem of economic development becomes the problem of making these computers more powerful. By uncovering the mechanisms that enable the growth of information in nature and society, Why Information Grows lays bear the origins of physical order and economic growth. Situated at the nexus of information theory, physics, sociology, and economics, this book propounds a new theory of how economies can do not just more things, but more interesting things.

Download or read Why Information Grows book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). "Hidalgo has made a bold attempt to synthesize a large body of cutting-edge work into a readable, slender volume. This is the future of growth theory." -- Financial Times What is economic growth? And why, historically, has it occurred in only a few places? Previous efforts to answer these questions have focused on institutions, geography, finances, and psychology. But according to MIT's antidisciplinarian Cér Hidalgo, understanding the nature of economic growth demands transcending the social sciences and including the natural sciences of information, networks, and complexity. To understand the growth of economies, Hidalgo argues, we first need to understand the growth of order. At first glance, the universe seems hostile to order. Thermodynamics dictates that over time, order-or information-disappears. Whispers vanish in the wind just like the beauty of swirling cigarette smoke collapses into disorderly clouds. But thermodynamics also has loopholes that promote the growth of information in pockets. Although cities are all pockets where information grows, they are not all the same. For every Silicon Valley, Tokyo, and Paris, there are dozens of places with economies that accomplish little more than pulling rocks out of the ground. So, why does the US economy outstrip Brazil's, and Brazil's that of Chad? Why did the technology corridor along Boston's Route 128 languish while Silicon Valley blossomed? In each case, the key is how people, firms, and the networks they form make use of information. Seen from Hidalgo's vantage, economies become distributed computers, made of networks of people, and the problem of economic development becomes the problem of making these computers more powerful. By uncovering the mechanisms that enable the growth of information in nature and society, Why Information Grows lays bear the origins of physical order and economic growth. Situated at the nexus of information theory, physics, sociology, and economics, this book propounds a new theory of how economies can do not just more things, but more interesting things.


Forecast

Forecast [Pdf/ePub] eBook Author: Mark Buchanan
Editor: Bloomsbury Publishing USA
ISBN-10: 1608198529
Size: 598 kb
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Forecast by Mark Buchanan Book Summary:

Picture an early scene from The Wizard of Oz: Dorothy hurries home as a tornado gathers in what was once a clear Kansas sky. Hurriedly, she seeks shelter in the storm cellar under the house, but, finding it locked, takes cover in her bedroom. We all know how that works out for her. Many investors these days are a bit like Dorothy, putting their faith in something as solid and trustworthy as a house (or, say, real estate). But market disruptions--storms--seem to arrive without warning, leaving us little time to react. Why are we so often blindsided by these things, left outdoors with nothing but our little dogs? More to the point: how did Kansas go from blue skies to tornadoes in such a short time? In this deeply researched and piercingly intelligent book, physicist Mark Buchanan shows how a simple feedback loop can lead to major consequences, the kind predictable by mathematical models but hard for most people to anticipate. From his unique perspective, Buchanan argues that our basic assumptions about economic markets--that they are for the most part stable, with occasional interruptions--are simply wrong. Markets really act more like the weather: a brief heat wave can become a massive storm in a matter of a few days, or even hours. The Physics of Finance reimagines the basics of how economics, with consequences that affect everyone.

Download or read Forecast book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). Picture an early scene from The Wizard of Oz: Dorothy hurries home as a tornado gathers in what was once a clear Kansas sky. Hurriedly, she seeks shelter in the storm cellar under the house, but, finding it locked, takes cover in her bedroom. We all know how that works out for her. Many investors these days are a bit like Dorothy, putting their faith in something as solid and trustworthy as a house (or, say, real estate). But market disruptions--storms--seem to arrive without warning, leaving us little time to react. Why are we so often blindsided by these things, left outdoors with nothing but our little dogs? More to the point: how did Kansas go from blue skies to tornadoes in such a short time? In this deeply researched and piercingly intelligent book, physicist Mark Buchanan shows how a simple feedback loop can lead to major consequences, the kind predictable by mathematical models but hard for most people to anticipate. From his unique perspective, Buchanan argues that our basic assumptions about economic markets--that they are for the most part stable, with occasional interruptions--are simply wrong. Markets really act more like the weather: a brief heat wave can become a massive storm in a matter of a few days, or even hours. The Physics of Finance reimagines the basics of how economics, with consequences that affect everyone.


Heat, Greed and Human Need

Heat, Greed and Human Need [Pdf/ePub] eBook Author: Ian Gough
Editor: Edward Elgar Publishing
ISBN-10: 1785365118
Size: 874 kb
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Heat, Greed and Human Need by Ian Gough Book Summary:

This book builds an essential bridge between climate change and social policy. Combining ethics and human need theory with political economy and climate science, it offers a long-term, interdisciplinary analysis of the prospects for sustainable development and social justice. Beyond ‘green growth’ (which assumes an unprecedented rise in the emissions efficiency of production) it envisages two further policy stages vital for rich countries: a progressive ‘recomposition’ of consumption, and a post-growth ceiling on demand. An essential resource for scholars and policymakers.

Download or read Heat, Greed and Human Need book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This book builds an essential bridge between climate change and social policy. Combining ethics and human need theory with political economy and climate science, it offers a long-term, interdisciplinary analysis of the prospects for sustainable development and social justice. Beyond ‘green growth’ (which assumes an unprecedented rise in the emissions efficiency of production) it envisages two further policy stages vital for rich countries: a progressive ‘recomposition’ of consumption, and a post-growth ceiling on demand. An essential resource for scholars and policymakers.


The Unity of Science and Economics

The Unity of Science and Economics [Pdf/ePub] eBook Author: Jing Chen
Editor: Springer
ISBN-10: 149393466X
Size: 538 kb
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The Unity of Science and Economics by Jing Chen Book Summary:

This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.

Download or read The Unity of Science and Economics book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost.The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.


Pathways to Urban Sustainability

Pathways to Urban Sustainability [Pdf/ePub] eBook Author: National Academies of Sciences, Engineering, and Medicine,Policy and Global Affairs,Science and Technology for Sustainability Program,Committee on Pathways to Urban Sustainability: Challenges and Opportunities
Editor: National Academies Press
ISBN-10: 030944456X
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Pathways to Urban Sustainability by National Academies of Sciences, Engineering, and Medicine,Policy and Global Affairs,Science and Technology for Sustainability Program,Committee on Pathways to Urban Sustainability: Challenges and Opportunities Book Summary:

Cities have experienced an unprecedented rate of growth in the last decade. More than half the world's population lives in urban areas, with the U.S. percentage at 80 percent. Cities have captured more than 80 percent of the globe's economic activity and offered social mobility and economic prosperity to millions by clustering creative, innovative, and educated individuals and organizations. Clustering populations, however, can compound both positive and negative conditions, with many modern urban areas experiencing growing inequality, debility, and environmental degradation. The spread and continued growth of urban areas presents a number of concerns for a sustainable future, particularly if cities cannot adequately address the rise of poverty, hunger, resource consumption, and biodiversity loss in their borders. Intended as a comparative illustration of the types of urban sustainability pathways and subsequent lessons learned existing in urban areas, this study examines specific examples that cut across geographies and scales and that feature a range of urban sustainability challenges and opportunities for collaborative learning across metropolitan regions. It focuses on nine cities across the United States and Canada (Los Angeles, CA, New York City, NY, Philadelphia, PA, Pittsburgh, PA, Grand Rapids, MI, Flint, MI, Cedar Rapids, IA, Chattanooga, TN, and Vancouver, Canada), chosen to represent a variety of metropolitan regions, with consideration given to city size, proximity to coastal and other waterways, susceptibility to hazards, primary industry, and several other factors.

Download or read Pathways to Urban Sustainability book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). Cities have experienced an unprecedented rate of growth in the last decade. More than half the world's population lives in urban areas, with the U.S. percentage at 80 percent. Cities have captured more than 80 percent of the globe's economic activity and offered social mobility and economic prosperity to millions by clustering creative, innovative, and educated individuals and organizations. Clustering populations, however, can compound both positive and negative conditions, with many modern urban areas experiencing growing inequality, debility, and environmental degradation. The spread and continued growth of urban areas presents a number of concerns for a sustainable future, particularly if cities cannot adequately address the rise of poverty, hunger, resource consumption, and biodiversity loss in their borders. Intended as a comparative illustration of the types of urban sustainability pathways and subsequent lessons learned existing in urban areas, this study examines specific examples that cut across geographies and scales and that feature a range of urban sustainability challenges and opportunities for collaborative learning across metropolitan regions. It focuses on nine cities across the United States and Canada (Los Angeles, CA, New York City, NY, Philadelphia, PA, Pittsburgh, PA, Grand Rapids, MI, Flint, MI, Cedar Rapids, IA, Chattanooga, TN, and Vancouver, Canada), chosen to represent a variety of metropolitan regions, with consideration given to city size, proximity to coastal and other waterways, susceptibility to hazards, primary industry, and several other factors.


Beyond GDP

Beyond GDP [Pdf/ePub] eBook Author: Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney
Editor: Springer
ISBN-10: 3319128205
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Beyond GDP by Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney Book Summary:

This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.

Download or read Beyond GDP book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.


The Energy of Slaves

The Energy of Slaves [Pdf/ePub] eBook Author: Andrew Nikiforuk
Editor: Greystone Books
ISBN-10: 1553659791
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The Energy of Slaves by Andrew Nikiforuk Book Summary:

“A robustly researched and smoothly written overview of the many challenges confronting our devotion to fossil fuels” from the author of Tar Sands (Quill & Quire). Ancient civilizations relied on shackled human muscle. It took the energy of slaves to plant crops, clothe emperors, and build cities. Nineteenth-century slaveholders viewed critics as hostilely as oil companies and governments now regard environmentalists. Yet the abolition movement had an invisible ally: coal and oil. As the world’s most versatile workers, fossil fuels replenished slavery’s ranks with combustion engines and other labor-saving tools. Since then, cheap oil has transformed politics, economics, science, agriculture, and even our concept of happiness. Many North Americans today live as extravagantly as Caribbean plantation owners. We feel entitled to surplus energy and rationalize inequality, even barbarity, to get it. But endless growth is an illusion. In this provocative book, Andrew Nikiforuk, winner of the Rachel Carson Environment Book Award, argues that what we need is a radical emancipation movement that ends our master-and-slave approach to energy. We must learn to use energy on a moral, just, and truly human scale. Published in Partnership with the David Suzuki Institute “In his cautionary tale about the evils of oil . . . Nikiforuk makes his case for impending doom if we don’t mend our energy-spending ways.” —The Star “In this cogently argued book, Andrew Nikiforuk deploys a powerful metaphor. Oil dependency, he writes, is a modern form of slavery—and it’s time for a global abolition movement.” —Taras Grescoe, author of Shanghai Grand “A startling critique that should rouse us from our pipe dream of endless plenty.” —Ronald Wright, author of On Fiji Islands

Download or read The Energy of Slaves book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). “A robustly researched and smoothly written overview of the many challenges confronting our devotion to fossil fuels” from the author of Tar Sands (Quill & Quire). Ancient civilizations relied on shackled human muscle. It took the energy of slaves to plant crops, clothe emperors, and build cities. Nineteenth-century slaveholders viewed critics as hostilely as oil companies and governments now regard environmentalists. Yet the abolition movement had an invisible ally: coal and oil. As the world’s most versatile workers, fossil fuels replenished slavery’s ranks with combustion engines and other labor-saving tools. Since then, cheap oil has transformed politics, economics, science, agriculture, and even our concept of happiness. Many North Americans today live as extravagantly as Caribbean plantation owners. We feel entitled to surplus energy and rationalize inequality, even barbarity, to get it. But endless growth is an illusion. In this provocative book, Andrew Nikiforuk, winner of the Rachel Carson Environment Book Award, argues that what we need is a radical emancipation movement that ends our master-and-slave approach to energy. We must learn to use energy on a moral, just, and truly human scale. Published in Partnership with the David Suzuki Institute “In his cautionary tale about the evils of oil . . . Nikiforuk makes his case for impending doom if we don’t mend our energy-spending ways.” —The Star “In this cogently argued book, Andrew Nikiforuk deploys a powerful metaphor. Oil dependency, he writes, is a modern form of slavery—and it’s time for a global abolition movement.” —Taras Grescoe, author of Shanghai Grand “A startling critique that should rouse us from our pipe dream of endless plenty.” —Ronald Wright, author of On Fiji Islands


The Economics of Oil

The Economics of Oil [Pdf/ePub] eBook Author: S.W. Carmalt
Editor: Springer
ISBN-10: 3319478192
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The Economics of Oil by S.W. Carmalt Book Summary:

This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.

Download or read The Economics of Oil book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.


Climate and Energy Protection in the EU and China

Climate and Energy Protection in the EU and China [Pdf/ePub] eBook Author: Peter Hefele,Michael Palocz-Andresen,Maximilian Rech,Jan-Henrik Kohler
Editor: Springer
ISBN-10: 3319998374
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Climate and Energy Protection in the EU and China by Peter Hefele,Michael Palocz-Andresen,Maximilian Rech,Jan-Henrik Kohler Book Summary:

This edited volume gives an insight into climate and energy protection in China and the European Union (EU). By taking a closer look at the EU and China seperately, the book presents the current situation in terms of environmental policy and energy use/ consumption in EU as well as in China. The book broaches the collaboration of the EU and China regarding climate and energy protection. The target audience primarily comprises research experts in the field of climate research as well as public decision makers.

Download or read Climate and Energy Protection in the EU and China book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). This edited volume gives an insight into climate and energy protection in China and the European Union (EU). By taking a closer look at the EU and China seperately, the book presents the current situation in terms of environmental policy and energy use/ consumption in EU as well as in China. The book broaches the collaboration of the EU and China regarding climate and energy protection. The target audience primarily comprises research experts in the field of climate research as well as public decision makers.


Energy and the Financial System

Energy and the Financial System [Pdf/ePub] eBook Author: Roger Boyd
Editor: Springer Science & Business Media
ISBN-10: 3319042386
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Energy and the Financial System by Roger Boyd Book Summary:

The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energy made available through the exploitation of fossil fuels. As a result, its viability is completely dependent upon the continuation of that growth. Unfortunately, the more recent fossil fuel discoveries, especially for oil, have tended to have lower production levels than earlier ones. In addition, greater amounts of energy are required to extract the fossil fuels leading to less net energy available for society. The Energy Return On Investment (EROI) for oil has fallen from 30:1 in the 1970's to 10:1 today. Thus, newer energy finds produce lower extraction rates and more of the energy provided is offset by the energy used in the extraction processes. The result has been economic stagnation or even contraction, with growth in China and India etc. only possible due to the extensive use of local coal reserves, and recession-induced drops in OECD country energy use. Renewable sources of energy will not be able to expand fast enough to replace the 87% of energy supplies provided by fossil fuels, and apart from hydro and wind, tend to have very low EROI rates. They are also critically dependent upon the cheap energy infrastructure provided by fossil fuels. The phenomenal amounts of path-dependent energy infrastructure will also greatly inhibit any move away from fossil fuels. Without continued economic growth there will not be the extra output to fund loan interest payments, nor the revenue and profit growth to support share price/earnings multiples. The financial system acts as a time machine, creating asset prices based upon perceptions of the future. As an increasing percentage of investors come to accept the future reality of at best, financial asset prices will fall to reflect a realistic future. The resulting crash will remove the underpinnings of the banking, brokerage, mutual fund, pension fund, and insurance industries. The comfortable futures of many will be shown to have been based upon a mirage of future growth that will not take place. With the financial system acting as the critical coordination system of the global economy, its crash will also intensify economic problems. Written by a retired financial industry executive with over 25 years of experience, this book describes how the crisis will affect different regions and industries to help identify the career and investment choices which may provide a relative safe harbour.

Download or read Energy and the Financial System book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energy made available through the exploitation of fossil fuels. As a result, its viability is completely dependent upon the continuation of that growth. Unfortunately, the more recent fossil fuel discoveries, especially for oil, have tended to have lower production levels than earlier ones. In addition, greater amounts of energy are required to extract the fossil fuels leading to less net energy available for society. The Energy Return On Investment (EROI) for oil has fallen from 30:1 in the 1970's to 10:1 today. Thus, newer energy finds produce lower extraction rates and more of the energy provided is offset by the energy used in the extraction processes. The result has been economic stagnation or even contraction, with growth in China and India etc. only possible due to the extensive use of local coal reserves, and recession-induced drops in OECD country energy use. Renewable sources of energy will not be able to expand fast enough to replace the 87% of energy supplies provided by fossil fuels, and apart from hydro and wind, tend to have very low EROI rates. They are also critically dependent upon the cheap energy infrastructure provided by fossil fuels. The phenomenal amounts of path-dependent energy infrastructure will also greatly inhibit any move away from fossil fuels. Without continued economic growth there will not be the extra output to fund loan interest payments, nor the revenue and profit growth to support share price/earnings multiples. The financial system acts as a time machine, creating asset prices based upon perceptions of the future. As an increasing percentage of investors come to accept the future reality of at best, financial asset prices will fall to reflect a realistic future. The resulting crash will remove the underpinnings of the banking, brokerage, mutual fund, pension fund, and insurance industries. The comfortable futures of many will be shown to have been based upon a mirage of future growth that will not take place. With the financial system acting as the critical coordination system of the global economy, its crash will also intensify economic problems. Written by a retired financial industry executive with over 25 years of experience, this book describes how the crisis will affect different regions and industries to help identify the career and investment choices which may provide a relative safe harbour.


Rethinking Economic Growth Theory From a Biophysical Perspective

Rethinking Economic Growth Theory From a Biophysical Perspective [Pdf/ePub] eBook Author: Blair Fix
Editor: Springer
ISBN-10: 3319128264
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Rethinking Economic Growth Theory From a Biophysical Perspective by Blair Fix Book Summary:

Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.

Download or read Rethinking Economic Growth Theory From a Biophysical Perspective book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.


Routledge Handbook of the History of Sustainability

Routledge Handbook of the History of Sustainability [Pdf/ePub] eBook Author: Jeremy L. Caradonna
Editor: Routledge
ISBN-10: 1134866550
Size: 606 kb
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Routledge Handbook of the History of Sustainability by Jeremy L. Caradonna Book Summary:

The Routledge Handbook of the History of Sustainability is a far-reaching survey of the deep and contemporary history of sustainability. This innovative resource will help to define the history of sustainability as an identifiable field. It provides a unique resource for advanced undergraduates, graduate students, and scholars, and delivers essential context for understanding the current state and future path of the sustainability movement. The history of sustainability is an increasingly important domain within the discipline of history, which draws on an interdisciplinary set of fields, ranging from energy studies, transportation, and urbanism to environmental history, economics, and philosophy. Key sections in this handbook cover the historiography of sustainability, resilience and collapse in historical societies, the deep roots of sustainability (seventeenth century to nineteenth century), the recent history of sustainability (twentieth century to present), and core issues and key debates in sustainability. This handbook is an invaluable research and teaching tool for those interested in the history and development of sustainability and an essential resource for the many sustainability studies programs that now exist in the world's universities.

Download or read Routledge Handbook of the History of Sustainability book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). The Routledge Handbook of the History of Sustainability is a far-reaching survey of the deep and contemporary history of sustainability. This innovative resource will help to define the history of sustainability as an identifiable field. It provides a unique resource for advanced undergraduates, graduate students, and scholars, and delivers essential context for understanding the current state and future path of the sustainability movement. The history of sustainability is an increasingly important domain within the discipline of history, which draws on an interdisciplinary set of fields, ranging from energy studies, transportation, and urbanism to environmental history, economics, and philosophy. Key sections in this handbook cover the historiography of sustainability, resilience and collapse in historical societies, the deep roots of sustainability (seventeenth century to nineteenth century), the recent history of sustainability (twentieth century to present), and core issues and key debates in sustainability. This handbook is an invaluable research and teaching tool for those interested in the history and development of sustainability and an essential resource for the many sustainability studies programs that now exist in the world's universities.


The Global Politics of Science and Technology - Vol. 2

The Global Politics of Science and Technology - Vol. 2 [Pdf/ePub] eBook Author: Maximilian Mayer,Mariana Carpes,Ruth Knoblich
Editor: Springer
ISBN-10: 364255010X
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The Global Politics of Science and Technology - Vol. 2 by Maximilian Mayer,Mariana Carpes,Ruth Knoblich Book Summary:

An increasing number of scholars have begun to see science and technology as relevant issues in International Relations (IR), acknowledging the impact of material elements, technical instruments, and scientific practices on international security, statehood, and global governance. This two-volume collection brings the debate about science and technology to the center of International Relations. It shows how integrating science and technology translates into novel analytical frameworks, conceptual approaches and empirical puzzles, and thereby offers a state-of-the-art review of various methodological and theoretical ways in which sciences and technologies matter for the study of international affairs and world politics. The authors not only offer a set of practical examples of research frameworks for experts and students alike, but also propose a conceptual space for interdisciplinary learning in order to improve our understanding of the global politics of science and technology. The second volume raises a plethora of issue areas, actors, and cases under the umbrella notion techno-politics. Distinguishing between interactional and co-productive perspectives, it outlines a toolbox of analytical frameworks that transcend technological determinism and social constructivism.

Download or read The Global Politics of Science and Technology - Vol. 2 book by clicking button below to visit the book download website. There are multiple format available for you to choose (Pdf, ePub, Doc). An increasing number of scholars have begun to see science and technology as relevant issues in International Relations (IR), acknowledging the impact of material elements, technical instruments, and scientific practices on international security, statehood, and global governance. This two-volume collection brings the debate about science and technology to the center of International Relations. It shows how integrating science and technology translates into novel analytical frameworks, conceptual approaches and empirical puzzles, and thereby offers a state-of-the-art review of various methodological and theoretical ways in which sciences and technologies matter for the study of international affairs and world politics. The authors not only offer a set of practical examples of research frameworks for experts and students alike, but also propose a conceptual space for interdisciplinary learning in order to improve our understanding of the global politics of science and technology. The second volume raises a plethora of issue areas, actors, and cases under the umbrella notion techno-politics. Distinguishing between interactional and co-productive perspectives, it outlines a toolbox of analytical frameworks that transcend technological determinism and social constructivism.