The Economic Growth Engine: How Energy and Work Drive Material ProsperityIt gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. |
Contents
| 1 | |
2 Technical progress | 30 |
massenergy flows | 62 |
4 Exergy conversion to useful work | 89 |
5 Economic growth theories | 134 |
6 The production function approach | 175 |
7 Numerical results for the US and Japan | 197 |
Common terms and phrases
aggregate analysis assumed assumption average Ayres biomass Cambridge capital and labor capital stock catch-up century chemical coal Cobb-Douglas combustion constant returns consumed conversion efficiency costs countries declining economic growth economists elasticity electric power electrification energy exergy engines entropy environmental EP fraction USA equation equilibrium example exergy efficiency exergy input exogenous explain extraction factors of production Figure forecasting fossil fuels future GDP fraction GJ/t heat historical human important improvements increase industrial innovations International investment Japan Journal LINEX Lovins machines materials measure natural capital natural gas neoclassical neoclassical economics optimal output parameters Per-capita GDP percent petroleum physical production function ratio regression resource returns to scale Robert sector so-called Solow Solow residual sources Statistics steam substitution Table technological progress temperature theory thermodynamic thermodynamic efficiency tion trajectory United University Press utility variables wastes World