The Economic Growth Engine: How Energy and Work Drive Material Prosperity

Ayres, R.U. & Warr, B. (2009). The Economic Growth Engine: How Energy and Work Drive Material Prosperity. Cheltenham: Edward Elgar. ISBN 9781848441828

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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.

Item Type: Book
Research Programs: Institute Scholars (INS)
Bibliographic Reference: Edward Elgar, Cheltenham, UK
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Depositing User: IIASA Import
Date Deposited: 15 Jan 2016 08:42
Last Modified: 17 Feb 2016 12:31

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