The Entropy Law And The Economic Process In Retrospekt
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The Entropy Law And The Economic Process In Retrospekt
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Author : Nicholas Georgescu-Roegen
language : de
Publisher:
Release Date : 1987
The Entropy Law And The Economic Process In Retrospekt written by Nicholas Georgescu-Roegen and has been published by this book supported file pdf, txt, epub, kindle and other format this book has been release on 1987 with categories.
The Entropy Law And The Economic Process
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Author : Nicholas Georgescu-Roegen
language : en
Publisher: Cambridge, Mass. : Harvard University Press
Release Date : 1971
The Entropy Law And The Economic Process written by Nicholas Georgescu-Roegen and has been published by Cambridge, Mass. : Harvard University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 1971 with Business & Economics categories.
In the ultimate analysis man struggles for low entropy, and economic scarcity is the reflection of the Entropy Law, which is the most economic in nature of all natural laws. Thermodynamics itself is presented by the author as the physics of economic value and mans economic activity as analogous (though not identical) to that of the purposive sorting of the famous Maxwellian demon. Economic activity is in fact an extension and a complement of mans biological evolution. In it, man can use exosomatic organs, i.e., organs with which he is not endowed biologically but which have evolved through a process of mutation, selection, and diffusion similar to that of biological evolution. For wherever there is evolution, the author argues, there is the work of the Entropy Law with its irrevocable qualitative Change. This point leads the author to an extensive examination of the limitations of arithmomorphic models in all sciences. He argues that no complete description of reality, no philosophical argument (not even that of the ultrapositivists), no creative thought can dispense with dialectical concepts and reasoning, which he views somewhat differently from Hegel. The tight-knit excursus ends with an analysis of some general economic issues, from that of the analytical representation of a process to that of social conflict. The author argues that, because of the very nature of exosomatic evolution, the social conflict will last under any regime as long as there is a human society. -- Publisher's description.
Care For The World
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Author : Frank Pasquale
language : en
Publisher: Cambridge University Press
Release Date : 2019-06-20
Care For The World written by Frank Pasquale 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 2019-06-20 with Law categories.
This book applies and explores Catholic social thought, focusing on the relevance of the encyclical Laudato Si' in an era of climate crises.
The Economics Of Energy And The Production Process
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Author : Guido Buenstorf
language : en
Publisher: Edward Elgar Publishing
Release Date : 2004-03-25
The Economics Of Energy And The Production Process written by Guido Buenstorf 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 2004-03-25 with Business & Economics categories.
'Guido Buenstorf's book is a splendid attempt to break new ground in the theory of production. Turning away from the ever more abstract - and theoretically empty - production function approach, he shows how changing physical constraints in the utilisation of energy systematically affect production processes in the economy. With his analysis the author challenges the value based approach to production. He outlines the contours of a richer theory, which is capable of accounting for physical and technological aspects without losing sight of their economic implications.' - Ulrich Witt, Max Planck Institute for Research into Economic Systems, Germany 'This book makes a fundamental contribution to economics, in that it deals with production theory from a perspective that integrates economics with engineering and science. It represents a far more realistic interpretation than the standard neoclassical approach and will act as a stimulus for further research in this area.' - Robert U. Ayres, INSEAD, France The economics of energy has been a contested issue over the past century. Although it has not figured prominently in mainstream economics, numerous alternative proposals have called for energy to play a more central role in economic theory. In this highly original and enlightening volume, Guido Buenstorf develops a new conceptual approach to the economics of energy which originates from recent advances in evolutionary economics.
The Second Law Of Economics
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Author : Reiner Kümmel
language : en
Publisher: Springer Science & Business Media
Release Date : 2011-06-24
The Second Law Of Economics written by Reiner Kümmel and has been published by Springer Science & Business Media this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-06-24 with Science categories.
Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.
Principles Of Environmental Economics
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Author : Ahmed Hussen
language : en
Publisher: Routledge
Release Date : 2004-05-05
Principles Of Environmental Economics written by Ahmed Hussen and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2004-05-05 with Business & Economics categories.
Can economic growth be environmentally sustainable? This crucial question goes right to the heart of environmental economics and is a matter of increasing concern globally. The first edition of this popular title was the first introductory textbook in environmental economics that truly attempted to integrate economics with not only the environment but also ecology. This new version builds and improves upon the popular formula with new material, new examples, new pedagogical features and new questions for discussion. With international case-studies and examples, this book will prove an excellent choice for introducing both students and other academics to the world of environmental economics.
Economic Theory And Globalization
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Author : Thomas Hoerber
language : en
Publisher: Springer Nature
Release Date : 2019-08-22
Economic Theory And Globalization written by Thomas Hoerber and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2019-08-22 with Business & Economics categories.
What do the economic theories of thought-leaders in economics, such as Smith, Keynes, Marx and Schumpeter, tell us about globalisation in the twenty-first century? Great economic theories have provided a narrative of how society should work in all its aspects, and can offer renewed usefulness for today's society. Each economic theory is presented for easy access, readability and simplicity; explaining the criticism a particular theory poses against its own contemporary environment, such as the poverty produced by Manchester capitalism in Marx, and then applying those historical lessons to our current time. Should some economic theories be left sitting on a shelf, safely without any impact on us, or do some great economic ideas still have something to contribute to the grand quest for a more just society in its many interpretations?
Bioeconomics And Sustainability
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Author : Nicholas Georgescu-Roegen
language : en
Publisher: Edward Elgar Publishing
Release Date : 1999-01-01
Bioeconomics And Sustainability written by Nicholas Georgescu-Roegen 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 1999-01-01 with Business & Economics categories.
Economists from around the world discuss Georgescu-Roegen's (1906-94) theories in a number of areas, but especially on environmental and energy economics. They address such topics as how long neoclassical economists can continue to ignore his contribu
Science Technology And Innovation In The History Of Economic Thought
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Author : Estrella Trincado Aznar
language : en
Publisher: Springer Nature
Release Date : 2023-11-19
Science Technology And Innovation In The History Of Economic Thought written by Estrella Trincado Aznar and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-11-19 with Business & Economics categories.
This book provides an overview of the importance of science, technology, and innovation in the history of economic thought. It charts how science has responded to societal needs and global challenges to highlight the way in which knowledge and technology have been used to benefit society. Particular attention is given to modern concerns, such as climate change, technological unemployment, and social unrest, which are contextualised within the work of the Scottish Enlightenment, Marx, Weber, and Schumpeter. Broader debates, including the relationship between invention and economic development, the alienation of labour, and institutional change, are also considered. This book aims to shed new light on our understanding of science, technology, and innovation by placing them within ideas from the history of economic thought. It will be relevant to students and researchers interested in the history of economic thought and the economics of innovation and technology.
Applied Economics And The Critical Realist Critique
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Author : Paul Downward
language : en
Publisher: Routledge
Release Date : 2005-08-18
Applied Economics And The Critical Realist Critique written by Paul Downward and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2005-08-18 with Business & Economics categories.
This intriguing new book examines and analyses the role of critical realism in economics and specifically how this line of thought can be applied to the real world. With contributions from such varying commentators as Sheila Dow, Wendy Olsen and Fred Lee, this new book is unique in its approach and will be of great interest to both economic methodologists and those involved in applied economic studies.