Energy and the wealth of nations : an introduction to biophysical economics
Contents: Part I Energy and the Origins of Wealth -- Poverty, Wealth, and Human Ambition -- Energy and Wealth Production: An historical perspective -- The Petroleum Revolution I: The first half of the age of oil -- Part II Energy, Economics and the Structure of Society -- Explaining Economics from a...
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my.uniten.dspace-134082020-02-17T05:10:24Z Energy and the wealth of nations : an introduction to biophysical economics Charles A. S. Hall Kent Klitgaard Energy; Energy policy -- Economic aspects; Power resources; Environmental economics; Sustainable development; Engineering economy; Economic geography; Energy industries; Energy policy; Environmental economics; Sustainable development; Science -- Environmental Science; Business & Economics -- Economics -- General; Business & Economics -- Industries -- Energy Industries; Science -- System Theory; Science -- Earth Sciences -- Geography; Sustainability; Environmental economics; Energy technology & engineering; Social research & statistics; Economic geography; Geography; Electronic books; Contents: Part I Energy and the Origins of Wealth -- Poverty, Wealth, and Human Ambition -- Energy and Wealth Production: An historical perspective -- The Petroleum Revolution I: The first half of the age of oil -- Part II Energy, Economics and the Structure of Society -- Explaining Economics from an Energy Perspective -- The Limits of Conventional Economics -- The Petroleum Revolution II: Concentrated Power and Concentrated Industries -- The Postwar Economic Order, Growth and the Hydrocarbon Economy -- Globalization and Efficiency -- Are there Limits to Growth? Examining the Evidence -- Part III Energy and Economics--the Basics -- What is Energy and How is it Related to Wealth Production? -- The Basic Science Needed to Understand the Relation of Energy to Economics -- The Required Quantitative Skills -- Economics as Science: Social or Biophysical? -- Part IV The Science Behind How Economies Work -- Energy Return on Investment -- Peak Oil, EROI, Investments and Our Financial Future -- Access to Energy and Social Inequality -- The Role of Economic Models for Good and Evil -- How to do Biophysical Economics -- Part V Understanding How Real World Economies Work -- Peak Oil, the Great Recession and the Quest for Sustainability -- Energy, Climate Science, and Planetary Boundaries -- Living the Good Life in a Lower EROI World. 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 2020-02-06T07:59:29Z 2020-02-06T07:59:29Z 2018 Book http://dspace.uniten.edu.my/jspui/handle/123456789/13408 en Springer |
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Energy; Energy policy -- Economic aspects; Power resources; Environmental economics; Sustainable development; Engineering economy; Economic geography; Energy industries; Energy policy; Environmental economics; Sustainable development; Science -- Environmental Science; Business & Economics -- Economics -- General; Business & Economics -- Industries -- Energy Industries; Science -- System Theory; Science -- Earth Sciences -- Geography; Sustainability; Environmental economics; Energy technology & engineering; Social research & statistics; Economic geography; Geography; Electronic books; |
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Energy; Energy policy -- Economic aspects; Power resources; Environmental economics; Sustainable development; Engineering economy; Economic geography; Energy industries; Energy policy; Environmental economics; Sustainable development; Science -- Environmental Science; Business & Economics -- Economics -- General; Business & Economics -- Industries -- Energy Industries; Science -- System Theory; Science -- Earth Sciences -- Geography; Sustainability; Environmental economics; Energy technology & engineering; Social research & statistics; Economic geography; Geography; Electronic books; Charles A. S. Hall Kent Klitgaard Energy and the wealth of nations : an introduction to biophysical economics |
description |
Contents: Part I Energy and the Origins of Wealth -- Poverty, Wealth, and Human Ambition -- Energy and Wealth Production: An historical perspective -- The Petroleum Revolution I: The first half of the age of oil -- Part II Energy, Economics and the Structure of Society -- Explaining Economics from an Energy Perspective -- The Limits of Conventional Economics -- The Petroleum Revolution II: Concentrated Power and Concentrated Industries -- The Postwar Economic Order, Growth and the Hydrocarbon Economy -- Globalization and Efficiency -- Are there Limits to Growth? Examining the Evidence -- Part III Energy and Economics--the Basics -- What is Energy and How is it Related to Wealth Production? -- The Basic Science Needed to Understand the Relation of Energy to Economics -- The Required Quantitative Skills -- Economics as Science: Social or Biophysical? -- Part IV The Science Behind How Economies Work -- Energy Return on Investment -- Peak Oil, EROI, Investments and Our Financial Future -- Access to Energy and Social Inequality -- The Role of Economic Models for Good and Evil -- How to do Biophysical Economics -- Part V Understanding How Real World Economies Work -- Peak Oil, the Great Recession and the Quest for Sustainability -- Energy, Climate Science, and Planetary Boundaries -- Living the Good Life in a Lower EROI World. |
format |
Book |
author |
Charles A. S. Hall Kent Klitgaard |
author_facet |
Charles A. S. Hall Kent Klitgaard |
author_sort |
Charles A. S. Hall |
title |
Energy and the wealth of nations : an introduction to biophysical economics |
title_short |
Energy and the wealth of nations : an introduction to biophysical economics |
title_full |
Energy and the wealth of nations : an introduction to biophysical economics |
title_fullStr |
Energy and the wealth of nations : an introduction to biophysical economics |
title_full_unstemmed |
Energy and the wealth of nations : an introduction to biophysical economics |
title_sort |
energy and the wealth of nations : an introduction to biophysical economics |
publisher |
Springer |
publishDate |
2020 |
url |
http://dspace.uniten.edu.my/jspui/handle/123456789/13408 |
_version_ |
1662758857597779968 |
score |
13.18916 |