Rethinking Economic Growth Theory From a Biophysical Perspective
Rethinking Economic Growth Theory From a Biophysical Perspective

Author: Blair Fix

Publisher: Springer

Published: 2014-12-09

Total Pages: 129

ISBN-13: 3319128264

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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.

Rethinking the Concept of Long-Run Economic Growth
Rethinking the Concept of Long-Run Economic Growth

Author: Christian Groth

Publisher:

Published: 2013

Total Pages: 16

ISBN-13:

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This paper argues that growth theory needs a more general quot;regularityquot; concept than that of exponential growth. This offers the possibility of considering a richer set of parameter combinations than in standard growth models. Allowing zero population growth in the Jones (1995) model serves as our illustration of the usefulness of a general concept of quot;regular growthquot.

The Theory of Economic Growth
The Theory of Economic Growth

Author: Neri Salvadori

Publisher: Edward Elgar Publishing

Published: 2003

Total Pages: 838

ISBN-13:

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

The Theory of Economic Growth
The Theory of Economic Growth

Author: W. Arthur Lewis

Publisher:

Published: 2007-02

Total Pages: 0

ISBN-13: 9780415407083

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Setting out the problems to be solved if mankind is to be freed from poverty, this book embraces the disciplines of economics, history, sociology, politics and anthropology.

The Economic Superorganism
The Economic Superorganism

Author: Carey W. King

Publisher: Springer Nature

Published: 2020-10-07

Total Pages: 474

ISBN-13: 3030502953

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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.

The Palgrave Handbook of Critical International Political Economy
The Palgrave Handbook of Critical International Political Economy

Author: Alan Cafruny

Publisher: Springer

Published: 2016-07-05

Total Pages: 473

ISBN-13: 1137500182

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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.

Rethinking Economic Evolution
Rethinking Economic Evolution

Author: Ulrich Witt

Publisher: Edward Elgar Publishing

Published: 2016-07-30

Total Pages: 261

ISBN-13: 178536507X

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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.

New Growth Theory
New Growth Theory

Author: Jatikumar Sengupta

Publisher: Edward Elgar Publishing

Published: 1998

Total Pages: 264

ISBN-13:

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Attempts to explain the process of long-run economic growth through endogenous forces such as human capital, knowledge spillover, and information technology. Reviews economic issues in new growth theory, and discusses its empirical evidence and usefulness in national policy making. Analyzes the dynamic and disequilibrium models as applied to recent international growth and discusses their policy implications, and empirically illustrates the various phases of growth in technology-intensive sectors such as flexible manufacturing and the semiconductor and telecommunications industries. Annotation copyrighted by Book News, Inc., Portland, OR

Understanding Urban Ecology
Understanding Urban Ecology

Author: Myrna H. P. Hall

Publisher: Springer

Published: 2019-04-10

Total Pages: 368

ISBN-13: 3030112594

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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.

A Survey of Ecological Economics
A Survey of Ecological Economics

Author: Rajaram Krishnan

Publisher: Island Press

Published: 2013-04-22

Total Pages: 428

ISBN-13: 1610911121

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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.