Energy and the Wealth of Nations: Understanding the Biophysical Economy

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9781441993977: Energy and the Wealth of Nations: Understanding the Biophysical Economy

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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1.

Charles Hall; Kent Klitgaard
Edité par Springer-Verlag New York Inc., United States (2011)
ISBN 10 : 1441993975 ISBN 13 : 9781441993977
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Description du livre Springer-Verlag New York Inc., United States, 2011. Hardback. État : New. 2012.. 256 x 180 mm. Language: English . Brand New Book. 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. N° de réf. du libraire SPR9781441993977

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Charles Hall; Kent Klitgaard
Edité par Springer-Verlag New York Inc., United States (2011)
ISBN 10 : 1441993975 ISBN 13 : 9781441993977
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Description du livre Springer-Verlag New York Inc., United States, 2011. Hardback. État : New. 2012.. 256 x 180 mm. Language: English . Brand New Book. 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. N° de réf. du libraire SPR9781441993977

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Description du livre Springer, 2011. État : New. Brand New, Unread Copy in Perfect Condition. A+ Customer Service! Summary: Concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our "petroleum economy." This essential book explores the relationship between energy and the 20th century wealth explosion. N° de réf. du libraire ABE_book_new_1441993975

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Description du livre Springer-Verlag New York Inc., 2011. HRD. État : New. New Book. Shipped from US within 10 to 14 business days. THIS BOOK IS PRINTED ON DEMAND. Established seller since 2000. N° de réf. du libraire I1-9781441993977

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Description du livre Springer Verlag, 2011. Hardcover. État : Brand New. 1st edition. edition. 421 pages. 10.00x7.00x1.00 inches. In Stock. N° de réf. du libraire __1441993975

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