Rethinking Economic Growth Theory From A Biophysical Perspective
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Rethinking Economic Growth Theory From A Biophysical Perspective
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Author : Blair Fix
language : en
Publisher: Springer
Release Date : 2014-12-09
Rethinking Economic Growth Theory From A Biophysical Perspective written by Blair Fix and has been published by Springer this book supported file pdf, txt, epub, kindle and other format this book has been release on 2014-12-09 with Business & Economics categories.
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.
Rethinking Economic Development Growth And Institutions
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Author : Jaime Ros
language : en
Publisher:
Release Date : 2013-09
Rethinking Economic Development Growth And Institutions written by Jaime Ros and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 2013-09 with Business & Economics categories.
Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.
Rethinking Economic Evolution
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Author : Ulrich Witt
language : en
Publisher: Edward Elgar Publishing
Release Date : 2016-07-30
Rethinking Economic Evolution written by Ulrich Witt and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-07-30 with Business & Economics categories.
Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.
Development Theory And The Economics Of Growth
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Author : Jaime Ros
language : en
Publisher: University of Michigan Press
Release Date : 2001
Development Theory And The Economics Of Growth written by Jaime Ros and has been published by University of Michigan Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2001 with Business & Economics categories.
Why are some countries richer than others? Why do some economies grow so much faster than others do? Do economies tend to converge at similar levels of per capita income? Or is catching up simply impossible? These questions have vast implications for human welfare. After a period of lack of interest in growth theory, they are back on the research agenda of mainstream economics. They have also been at the heart of development economics since its inception some decades ago. This book endeavors to answer such questions by blending classical contributions to development theory with recent developments in the economics of growth. The unifying theme is that early theoretical insights and accumulated empirical knowledge of development economics have much to offer to research in the theory and empirics of economic growth. With the help of a number of recent contributions, the ideas and insights of the classical literature in development economics can be given simple and rigorous formulations. Together, they amount to an approach to growth theory that can overcome the long-recognized empirical shortcomings of neoclassical growth economics, while being free from the objections that can be raised against the new brand of endogenous growth theory. In addition to an original thesis on the contribution that early development theory can make to the research program of modern growth economics, the book provides professional and research economists and graduate students with an evaluation of the strengths and limitations of the different strands of inquiry in the modern economics of growth. In addition it presents findings on comparative growth performance across countries. Jaime Ros is Professor of Economics and Faculty Fellow of the Helen Kellogg Institute of International Studies, University of Notre Dame.
The Economics Of Prosperity
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Author : Shawn Ritenour
language : en
Publisher: Edward Elgar Publishing
Release Date : 2023-02-28
The Economics Of Prosperity written by Shawn Ritenour and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-02-28 with categories.
This book presents a general theory of the economics of prosperity. Drawing upon both historic and contemporary Austrian economic thinking, it looks beyond merely identifying various isolated causes of economic growth and development to describe and explain the process of economic progress. It brings together various economic principles related to production, exchange, the market division of labor, capital, technology, entrepreneurship, and economic calculation, and a further understanding of how different institutional settings and specific policies all affect the process of economic progress. It also provides a helpful critique of modern growth theory. The author argues that economic prosperity is not monocausal. It is the happy consequence of a highly developed division of labor, taking advantage of an expanding capital structure, embodied in technically advanced capital goods, all wisely invested by entrepreneurs. All these sources of prosperity require the social institutions of private property and sound money to function well together, facilitating economic progress and human civilization. The Economics of Prosperity provides a comprehensive explanation of the myriad of factors influencing economic growth and development for scholars, policy makers and economists.
Uneconomic Growth
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Author : Fouad Sabry
language : en
Publisher: One Billion Knowledgeable
Release Date : 2024-02-06
Uneconomic Growth written by Fouad Sabry and has been published by One Billion Knowledgeable this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-02-06 with Business & Economics categories.
What is Uneconomic Growth When economic growth either reflects or causes a reduction in the quality of living, this type of growth is referred to as uneconomic growth. Human development theory, welfare theory, and ecological economics are all examples of fields that make use of this notion. Although it is commonly believed that ecological economist Herman Daly is the originator of the concept, it is possible that other thinkers may also be credited with its conception. As Daly points out, "uneconomic growth occurs when increases in production come at an expense in resources and well-being that is worth more than the items made." One school of thought contends that the cost, or reduction in well-being, that is linked with prolonged economic expansion is the result of "the social and environmental sacrifices made necessary by that growing encroachment on the eco-system." How you will benefit (I) Insights, and validations about the following topics: Chapter 1: Uneconomic growth Chapter 2: Economic growth Chapter 3: Ecological economics Chapter 4: Energy economics Chapter 5: Overconsumption (economics) Chapter 6: Ecological modernization Chapter 7: Genuine progress indicator Chapter 8: Jevons paradox Chapter 9: Green economy Chapter 10: Herman Daly Chapter 11: Steady-state economy Chapter 12: Nicholas Georgescu-Roegen Chapter 13: Rebound effect (conservation) Chapter 14: Degrowth Chapter 15: Regenerative economic theory Chapter 16: Eco-economic decoupling Chapter 17: Post-growth Chapter 18: Dematerialization (economics) Chapter 19: Ecomodernism Chapter 20: Giorgos Kallis Chapter 21: Growth imperative (II) Answering the public top questions about uneconomic growth. (III) Real world examples for the usage of uneconomic growth in many fields. Who this book is for Professionals, undergraduate and graduate students, enthusiasts, hobbyists, and those who want to go beyond basic knowledge or information for any kind of Uneconomic Growth.
The Theory Of Economic Growth
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Author : Neri Salvadori
language : en
Publisher: Edward Elgar Publishing
Release Date : 2003
The Theory Of Economic Growth written by Neri Salvadori and has been published by Edward Elgar Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2003 with Economic development categories.
This is a collection of work on the theory of economic growth, from a classical perspective.
Rethinking Economics
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Author : Geoffrey M. Hodgson
language : en
Publisher:
Release Date : 1988
Rethinking Economics written by Geoffrey M. Hodgson and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1988 with categories.
The Economic Superorganism
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Author : Carey W. King
language : en
Publisher: Springer Nature
Release Date : 2020-10-07
The Economic Superorganism written by Carey W. King and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2020-10-07 with Technology & Engineering categories.
Energy drives the economy, economics informs policy, and policy affects social outcomes. Since the oil crises of the 1970s, pundits have debated the validity of this sequence, but most economists and politicians still ignore it. Thus, they delude the public about the underlying influence of energy costs and constraints on economic policies that address such pressing contemporary issues as income inequality, growth, debt, and climate change. To understand why, Carey King explores the scientific and rhetorical basis of the competing narratives both within and between energy technology and economics. Energy and economic discourse seems to mirror Newton’s 3rd Law of Motion: For every narrative there is an equal and opposite counter-narrative. The competing energy narratives pit "drill, baby, drill!" against renewable technologies such as wind and solar. Both claim to provide secure, reliable, clean, and affordable energy to support economic growth with the most benefit to society, but how? To answer this question, we need to understand the competing economic narratives, techno-optimism and techno-realism. Techno-optimism claims that innovation overcomes any physical resource constraints and enables the social outcomes and economic growth we desire. Techno-realism, in contrast, states that no matter what energy technologies we use, feedbacks from physical growth on a finite planet constrain economic growth and create an uneven distribution of social impacts. In The Economic Superorganism, you will discover stories, data, science, and philosophy to guide you through the arguments from competing narratives on energy, growth, and policy. You will be able to distinguish the technically possible from the socially viable, and understand how our future depends on this distinction.
Economic Growth
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Author : Olivier de la Grandville
language : en
Publisher: Cambridge University Press
Release Date : 2009-06-25
Economic Growth written by Olivier de la Grandville and has been published by Cambridge University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2009-06-25 with Business & Economics categories.
How can society improve its living standards? What are the conditions necessary for prosperity? These are the questions that define the essence of growth theory. In this user-friendly book, Olivier de la Grandville provides a fascinating introduction to the theory of economic growth and shows how many results from this field are of paramount importance for society. The classical mechanics of the growth process are carefully explained, with two chapters devoted to the fundamental issue of the substitution of labor for capital in the growth process (co-written with Robert M. Solow, winner of the Nobel Prize in Economics). The book also addresses the fundamental question of the optimal investment rate of an economy. In addition, de la Grandville shows us that by unifying the descriptive and normative aspects of growth theory we can generate many fresh insights, including a proof of Adam Smith's 'Invisible Hand' conjecture.