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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Abstract

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
Related URLs:	Publisher - http://www.e-elgar.co.uk/Bookentry_Main.lasso?id=13324
Depositing User:	IIASA Import
Date Deposited:	15 Jan 2016 08:42
Last Modified:	27 Aug 2021 17:38
URI:	https://pure.iiasa.ac.at/8944

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