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Author | Title | Accn# | Year | Item Type | Claims |
| 1 |
Chen, Jing |
The Unity of Science and Economics |
I10126 |
2016 |
eBook |
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| 2 |
Bobrowsky, Peter T |
Comet/Asteroid Impacts and Human Society |
I07976 |
2007 |
eBook |
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| 3 |
K??mmel, Reiner |
The Second Law of Economics |
I05708 |
2011 |
eBook |
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1.
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| Title | The Unity of Science and Economics : A New Foundation of Economic Theory |
| Author(s) | Chen, Jing |
| Publication | New York, NY, Springer New York, 2016. |
| Description | XVI, 136 p : online resource |
| Abstract Note | This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost. The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions |
| ISBN,Price | 9781493934669 |
| Keyword(s) | 1. Data-driven Science, Modeling and Theory Building
2. EBOOK
3. EBOOK - SPRINGER
4. ECONOMIC THEORY
5. Economic Theory/Quantitative Economics/Mathematical Methods
6. ECONOPHYSICS
7. Energy and state
8. Energy policy
9. Energy Policy, Economics and Management
10. Environmental economics
11. Sociophysics
12. Sustainable development
13. THERMODYNAMICS
|
| Item Type | eBook |
Multi-Media Links
Please Click here for eBook
Circulation Data
| Accession# | |
Call# | Status | Issued To | Return Due On | Physical Location |
| I10126 |
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On Shelf |
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3.
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| Title | The Second Law of Economics : Energy, Entropy, and the Origins of Wealth |
| Author(s) | K??mmel, Reiner |
| Publication | New York, NY, Springer New York, 2011. |
| Description | XX, 296 p : online resource |
| Abstract Note | Nothing happens in the world without energy conversion and entropy production. ??These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? ??Does economics conform to the First and the Second?? Law of Thermodynamics??? In this important book, Reiner K??mmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution.?? Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor K??mmel upends conventional economic wisdom by showing that the?? productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. ??Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production.???? These facts constitute the Second Law of Economics. They take on unprecedented?? importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change.?? They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome.?? By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. ??The critical role of energy?? and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions |
| ISBN,Price | 9781441993656 |
| Keyword(s) | 1. Data-driven Science, Modeling and Theory Building
2. EBOOK
3. EBOOK - SPRINGER
4. ECONOPHYSICS
5. Energy and state
6. Energy policy
7. Energy Policy, Economics and Management
8. Environmental economics
9. Sociophysics
10. Sustainable development
11. THERMODYNAMICS
|
| Item Type | eBook |
Multi-Media Links
Please Click here for eBook
Circulation Data
| Accession# | |
Call# | Status | Issued To | Return Due On | Physical Location |
| I05708 |
|
|
On Shelf |
|
|
|
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