Description du livre Buch. Etat : Neu. This item is printed on demand - it takes 3-4 days longer - Neuware -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 K�mmel 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 K�mmel 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. 316 pp. Englisch. N� de r�f. du vendeur 9781441993649

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The Second Law of Economics: Energy, Entropy, and the Origins of Wealth

Reiner Kummel

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Description du livre Hardback. Etat : New. This item is printed on demand. New copy - Usually dispatched within 5-9 working days. N� de r�f. du vendeur C9781441993649

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The Second Law of Economics (The Frontiers Collection)

K�mmel

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Description du livre Etat : New. New! This book is in the same immaculate condition as when it was published 1.25. N� de r�f. du vendeur 353-1441993649-new

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The Second Law of Economics

Reiner K�mmel

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ISBN 10 : 1441993649 ISBN 13 : 9781441993649

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Description du livre Etat : New. Dieser Artikel ist ein Print on Demand Artikel und wird nach Ihrer Bestellung fuer Sie gedruckt. Reconsiders economics from the perspective of natural lawsShows how energy and its conversion into physical work accounts for most of the growth that mainstream economics attributes to technological progress and related conceptsDescribes en. N� de r�f. du vendeur 4176660

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The Second Law of Economics : Energy, Entropy, and the Origins of Wealth

Reiner K�mmel

Edit� par Springer New York (2011)

ISBN 10 : 1441993649 ISBN 13 : 9781441993649

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Description du livre Buch. Etat : Neu. Druck auf Anfrage Neuware - Printed after ordering - 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 K�mmel 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 K�mmel 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. N� de r�f. du vendeur 9781441993649

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