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The Economic Growth Engine "How Energy And Work Drive Material Prosperity"

How Energy And Work Drive Material Prosperity

The Economic Growth Engine "How Energy And Work Drive Material Prosperity". How Energy And Work Drive Material Prosperity

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  • ISBN:9781848441828
  • Editorial: Edward Elgar
  • Fecha de la edición:
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  • Dimensiones: 0 cm x 0 cm
  • Nº Pág.:416
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The authors of this unique book explore the fundamental relationship between thermodynamics (physical work) and economics. They take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth, the findings of which conclude with a fundamental explanation of endogenous growth that is both quantifiable and consistent with the laws of thermodynamics. A major implication of this is that future economic growth is not guaranteed inasmuch as efficiency gains that have driven past growth may not continue in the future.

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