Rethinking Economic Growth Theory From A Biophysical Perspective

Author : Blair Fix
Publisher : Springer
Page : 129 pages
File Size : 55,9 Mb
Release : 2014-12-09
Category : Business & Economics
ISBN : 9783319128269

Get Book

Rethinking Economic Growth Theory From a Biophysical Perspective by Blair Fix Pdf

Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can become decoupled from energy consumption; 2) economic distribution is unrelated to growth; 3) large institutions are not important for growth; and 4) labor force structure is not important for growth. Drawing on a wide range of data from the economic history of the United States, this book tests the validity of these assumptions and finds no empirical support. Instead, connections are found between the growth in energy consumption and such disparate phenomena as economic redistribution, corporate employment concentration, and changing labor force structure. The integration of energy into an economic growth model has the potential to offer insight into the future effects of fossil fuel depletion on key macroeconomic indicators, which is already manifested in stalled or diminished growth and escalating debt in many national economies. This book argues for an alternative, biophysical perspective to the study of growth, and presents a set of "stylized facts" that such an approach must successfully explain. Aspects of biophysical analysis are combined with differential monetary analysis to arrive at a unique empirical methodology for investigating the elements and dependencies of the economic growth process.

Author : Jaime Ros
Publisher : Unknown
Page : 470 pages
File Size : 42,5 Mb
Release : 2013-09
Category : Business & Economics
ISBN : 9780199684816

Get Book

Rethinking Economic Development, Growth, and Institutions by Jaime Ros Pdf

Presents the contributions that early development theory can make to growth economics in answering why some countries are richer than others and why some economies grow faster than others.

Author : Ulrich Witt
Publisher : Edward Elgar Publishing
Page : 264 pages
File Size : 41,8 Mb
Release : 2016-07-30
Category : Business & Economics
ISBN : 9781785365072

Get Book

Rethinking Economic Evolution by Ulrich Witt Pdf

Modern economies never come to rest. From institutions to activities of production, trade, and consumption, everything is locked in processes of perpetual transformation – and so are our daily lives. Why and how do such transformations occur? What can economic theory tell us about these changes and where they might lead? Ulrich Witt’s book discusses why evolutionary concepts are necessary to answer such questions. While economic evolution is in many respects unique, it nonetheless needs to be seen within the broader context of natural evolution. By exploring this complex relationship, Rethinking Economic Evolution demonstrates the significance of an evolutionary economic theory.

Author : Neri Salvadori
Publisher : Edward Elgar Publishing
Page : 838 pages
File Size : 43,6 Mb
Release : 2003
Category : Economic development
ISBN : STANFORD:36105026597562

Get Book

The Theory of Economic Growth by Neri Salvadori Pdf

This is a collection of work on the theory of economic growth, from a classical perspective.

Author : Silvana De Paula,Gary A. Dymski
Publisher : Zed Books
Page : 328 pages
File Size : 44,7 Mb
Release : 2005-05-17
Category : Business & Economics
ISBN : STANFORD:36105120011791

Get Book

Reimagining Growth by Silvana De Paula,Gary A. Dymski Pdf

In this volume a group of eminent economists and other social scientists seek to present an innovative new approach to economic development, drawing in part from certain heterodox intellectual traditions within economics as well as from the other social sciences. The intention is to point the way theoretically to a much more sophisticated understanding of economic development. The ultimate prize, they show, by grounding theory in a more accurate analysis of social change, is policies that really will deliver higher economic growth and greater social justice worldwide.

Author : Geoffrey M. Hodgson,Ernesto Screpanti
Publisher : Unknown
Page : 128 pages
File Size : 55,5 Mb
Release : 1988
Category : Electronic
ISBN : OCLC:841707795

Get Book

Rethinking Economics by Geoffrey M. Hodgson,Ernesto Screpanti Pdf

Author : Shawn Ritenour
Publisher : Edward Elgar Publishing
Page : 0 pages
File Size : 46,5 Mb
Release : 2023-02-28
Category : Electronic
ISBN : 1788117786

Get Book

The Economics of Prosperity by Shawn Ritenour Pdf

This book presents a general theory of the economics of prosperity. Drawing upon both historic and contemporary Austrian economic thinking, it looks beyond merely identifying various isolated causes of economic growth and development to describe and explain the process of economic progress. It brings together various economic principles related to production, exchange, the market division of labor, capital, technology, entrepreneurship, and economic calculation, and a further understanding of how different institutional settings and specific policies all affect the process of economic progress. It also provides a helpful critique of modern growth theory. The author argues that economic prosperity is not monocausal. It is the happy consequence of a highly developed division of labor, taking advantage of an expanding capital structure, embodied in technically advanced capital goods, all wisely invested by entrepreneurs. All these sources of prosperity require the social institutions of private property and sound money to function well together, facilitating economic progress and human civilization. The Economics of Prosperity provides a comprehensive explanation of the myriad of factors influencing economic growth and development for scholars, policy makers and economists.

Author : Carey W. King
Publisher : Springer Nature
Page : 474 pages
File Size : 42,8 Mb
Release : 2020-10-07
Category : Technology & Engineering
ISBN : 9783030502959

Get Book

The Economic Superorganism by Carey W. King Pdf

Energy drives the economy, economics informs policy, and policy affects social outcomes. Since the oil crises of the 1970s, pundits have debated the validity of this sequence, but most economists and politicians still ignore it. Thus, they delude the public about the underlying influence of energy costs and constraints on economic policies that address such pressing contemporary issues as income inequality, growth, debt, and climate change. To understand why, Carey King explores the scientific and rhetorical basis of the competing narratives both within and between energy technology and economics. Energy and economic discourse seems to mirror Newton’s 3rd Law of Motion: For every narrative there is an equal and opposite counter-narrative. The competing energy narratives pit "drill, baby, drill!" against renewable technologies such as wind and solar. Both claim to provide secure, reliable, clean, and affordable energy to support economic growth with the most benefit to society, but how? To answer this question, we need to understand the competing economic narratives, techno-optimism and techno-realism. Techno-optimism claims that innovation overcomes any physical resource constraints and enables the social outcomes and economic growth we desire. Techno-realism, in contrast, states that no matter what energy technologies we use, feedbacks from physical growth on a finite planet constrain economic growth and create an uneven distribution of social impacts. In The Economic Superorganism, you will discover stories, data, science, and philosophy to guide you through the arguments from competing narratives on energy, growth, and policy. You will be able to distinguish the technically possible from the socially viable, and understand how our future depends on this distinction.

Author : Alan Cafruny,Leila Simona Talani,Gonzalo Pozo Martin
Publisher : Springer
Page : 469 pages
File Size : 53,9 Mb
Release : 2016-07-05
Category : Political Science
ISBN : 9781137500182

Get Book

The Palgrave Handbook of Critical International Political Economy by Alan Cafruny,Leila Simona Talani,Gonzalo Pozo Martin Pdf

Challenging the assumptions of ‘mainstream’ International Political Economy (IPE), this Handbook demonstrates the considerable value of critical theory to the discipline through a series of cutting-edge studies. The field of IPE has always had an inbuilt vocation within Historical Materialism, with an explicit ambition to make sense, from a critical standpoint, of the capitalist mode of production as a world system of sometimes paradoxically and sometimes smoothly overlapping states and markets. Having spearheaded the growth of a vigorous critical scholarship in the 1960s and 1970s, however, Marxism and neo-Gramscian approaches became increasingly marginalized over the course of the 1980s. The authors respond to the exposure of limits to mainstream contemporary scholarship in the wake of the onset of the Global Financial Crisis, and provide a comprehensive overview of the field of Critical International Political Economy. Problematizing socioeconomic and political structures, and considering these as potentially transitory and subject to change, the contributors aim not simply to understand a world of conflict, but furthermore to uncover the ways in which purportedly objective analyses reflect the interests of those in positions of privilege and power.

Author : Rajaram Krishnan,Jonathan Harris,Neva R. Goodwin
Publisher : Island Press
Page : 423 pages
File Size : 45,9 Mb
Release : 2013-04-22
Category : Business & Economics
ISBN : 9781610911122

Get Book

A Survey of Ecological Economics by Rajaram Krishnan,Jonathan Harris,Neva R. Goodwin Pdf

The emergent discipline of ecological economics is based on the idea that the world's economies are a function of the earth's ecosystems -- an idea that radically reverses the world view of neoclassical economics. A Survey of Ecological Economics provides the first overview of this new field, and a comprehensive and systematic survey of its critical literature.The editors of the volume summarize ninety-five seminal articles, selected through an exhaustive survey, that advance the field of ecological economics and represent the best thinking to date in the area. Each two- to three-page summary is far more comprehensive than a typical abstract, and presents both the topics covered in each paper and the most important arguments made about each topic. Sections cover: historical perspective definition, scope, and interdisciplinary issues theoretical frameworks and techniques energy and resource flow analysis accounting and evaluation North-South/international issues ethical/social/institutional issues Each section is preceded by an introductory essay that outlines the current state of knowledge in the field and proposes a research agenda for the future. A Survey of Ecological Economics is the first volume in the Frontier Issues in Economic Thought series produced by the Global Development And Environment Institute at Tufts University.

Author : Myrna H. P. Hall,Stephen B. Balogh
Publisher : Springer
Page : 368 pages
File Size : 50,8 Mb
Release : 2019-04-10
Category : Science
ISBN : 9783030112592

Get Book

Understanding Urban Ecology by Myrna H. P. Hall,Stephen B. Balogh Pdf

Over half of the world’s population now lives in urban areas. Few who live in cities understand that cities, too, are ecosystems, as beholden to the laws and principles of ecology as are natural ecosystems. Understanding Urban Ecology: An Interdisciplinary Systems Approach introduces students at the college undergraduate level, or those in advanced-standing college credit high school courses, to cities as ecosystems. For graduate students it provides an overview and rich literature base. Urban planners, educators, and decision makers can use this book to help in designing a more sustainable or “green” future. The authors use a systems approach to explore the complexity and interactions of different components of a city’s ecology with an emphasis on the energy and materials required to maintain such concentrated centers of human activity and consumption. The book is written by seventeen specialized contributors and includes ten accompanying detailed field exercises to promote hands-on experience, observation, and quantification of urban ecosystem structure and function.The chapters describe one by one the different subsystems of the urban environment, their individual components and functions, and the interactions among them that create the social-ecological environments in which we live. The book’s emphasis on social-ecological metabolism provides students with the knowledge and methods needed to evaluate proposed policies for urban sustainability in terms of ecosystem capacity, potential positive and negative feedbacks, the laws of thermo-dynamics, and socio-cultural perception and adaptability.

Author : Jonathan Nitzan,Shimshon Bichler
Publisher : Routledge
Page : 853 pages
File Size : 52,5 Mb
Release : 2009-06-02
Category : Political Science
ISBN : 9781134022298

Get Book

Capital as Power by Jonathan Nitzan,Shimshon Bichler Pdf

Conventional theories of capitalism are mired in a deep crisis: after centuries of debate, they are still unable to tell us what capital is. Liberals and Marxists both think of capital as an ‘economic’ entity that they count in universal units of ‘utils’ or ‘abstract labour’, respectively. But these units are totally fictitious. Nobody has ever been able to observe or measure them, and for a good reason: they don’t exist. Since liberalism and Marxism depend on these non-existing units, their theories hang in suspension. They cannot explain the process that matters most – the accumulation of capital. This book offers a radical alternative. According to the authors, capital is not a narrow economic entity, but a symbolic quantification of power. It has little to do with utility or abstract labour, and it extends far beyond machines and production lines. Capital, the authors claim, represents the organized power of dominant capital groups to reshape – or creorder – their society. Written in simple language, accessible to lay readers and experts alike, the book develops a novel political economy. It takes the reader through the history, assumptions and limitations of mainstream economics and its associated theories of politics. It examines the evolution of Marxist thinking on accumulation and the state. And it articulates an innovative theory of ‘capital as power’ and a new history of the ‘capitalist mode of power’.

Author : Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney
Publisher : Springer
Page : 201 pages
File Size : 43,7 Mb
Release : 2015-05-11
Category : Business & Economics
ISBN : 9783319128207

Get Book

Beyond GDP by Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney Pdf

This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.

Author : Louis-Philippe Rochon,Sergio Rossi
Publisher : Edward Elgar Publishing
Page : 464 pages
File Size : 46,8 Mb
Release : 2017-04-28
Category : Electronic
ISBN : 9781784717216

Get Book

A Modern Guide to Rethinking Economics by Louis-Philippe Rochon,Sergio Rossi Pdf

Since the beginning of the 21st century, there has been an unprecedented move towards ‘rethinking economics’. This book contributes to this worldwide discussion by providing readers at all levels with thoughtful contributions on a range of economic topics. The book includes chapters on rethinking fiscal and monetary policies, international trade, the role of the state, money, growth, the environment, development policies, energy, healthcare and more. Written by top experts in their respective fields, this book will be useful to students and faculty who want to not only rethink economics, but also to offer an alternative and coherent economic analysis to the orthodoxy.

Author : D. H. Meadows
Publisher : Unknown
Page : 205 pages
File Size : 50,7 Mb
Release : 1974
Category : Electronic
ISBN : 0330241699

Get Book

The Limits of Growth by D. H. Meadows Pdf