Pdf ebook: Energy and the Wealth of Nations

Pdf download ebook Energy and the Wealth of Nations

Summary: For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and co

  • Author : N.a
  • Publisher: Springer Science & Business Media
  • ISBN: 9781441993984
  • Genre: Business & Economics
  • Number of Pages: 407
  • Language: English
  • Views: 559
  • Downloads: 559
  • GET BOOK

Description: For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, and as energy supplies and the environmental impacts of energy production and consumption become major issues on the world stage, this exemption appears illusory at best. In Energy and the Wealth of Nations, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the EROI for finding and exploiting new oil fields, and whether alternative energy technologies such as wind and solar power meet the minimum EROI requirements needed to run our society as we know it. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.


Pdf ebook: Energy and the Wealth of Nations

Pdf download ebook Energy and the Wealth of Nations

Summary: In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheet

  • Author : Charles A.S. Hall,Kent Klitgaard
  • Publisher: Springer
  • ISBN: 3319662198
  • Genre: Business & Economics
  • Number of Pages: 511
  • Language: English
  • Views: 1045
  • Downloads: 1045
  • GET BOOK

Description: In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.


Pdf ebook: The First Half of the Age of Oil

Pdf download ebook The First Half of the Age of Oil

Summary: According to the conventional wisdom, we live in a post-industrial information age. This book, however, paints a different picture: We live in the age of o

  • Author : Charles A. S. Hall,Carlos A. Ramírez-Pascualli
  • Publisher: Springer Science & Business Media
  • ISBN: 1461460646
  • Genre: Technology & Engineering
  • Number of Pages: 127
  • Language: English
  • Views: 983
  • Downloads: 983
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Description: According to the conventional wisdom, we live in a post-industrial information age. This book, however, paints a different picture: We live in the age of oil. Petroleum fuels and feedstocks are responsible for much of what we take for granted in modern society, from chemical products such as fertilizer and plastics, to the energy that moves people and goods in a global economy. Oil is a nearly perfect fuel: Energy dense, safe to store, easy to transport, and mostly environmentally benign. Most importantly, oil has been cheap and abundant during the past 150 years. In 1998, two respected geologists, Colin Campbell and Jean Laherrère, published a detailed article announcing that the “end of cheap oil” would happen before 2010, which meant that the world would face a peak, or at least a plateau, in global daily oil production in the first decade of the new millennium. Today, two billion people under the age of 14 have lived the majority of their lives past the point when this century-long growth in oil supplies came to an end, which also marks the end of the first half of the age of oil. This transition has ushered in a new reality of high oil prices, stagnating oil supplies, and sluggish economies. In this book, a leading authority on energy explores the contributions and continuing legacy of Colin Campbell and Jean Laherrère, the two geologists who modified the terms of the debate about oil. The book provides a unique perspective and state-of-the-art overview of today’s energy reality and its enormous economic and social implications. - Covers a topic that eclipses climate change as the most important but least understood challenge for contemporary society - Explores the works of Colin Campbell and Jean Laherrère, the leading authorities in the field of Peak Oil, authors of “The End of Cheap Oil” (Scientific American, 1998), and founding members of the Association for the Study of Peak Oil & Gas - Addresses a broad audience of scientists, engineers, and economists in a format that is accessible to the general public - Provides a complete overview of the basic geological, chemical, physical, economic and historical concepts that every oil consumer should understand - Presents the latest information on oil production, reserves, discoveries, prices, and fields in easy-to-understand graphs and plots


Pdf ebook: The Chinese Oil Industry

Pdf download ebook The Chinese Oil Industry

Summary: The Chinese Oil Industry: History and Future presents a wealth of tables and figures with new data on Chinese fossil fuel production and consumption, toget

  • Author : Lianyong Feng,Yan Hu,Charles A. S. Hall,Jianliang Wang
  • Publisher: Springer Science & Business Media
  • ISBN: 1441994106
  • Genre: Technology & Engineering
  • Number of Pages: 113
  • Language: English
  • Views: 953
  • Downloads: 953
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Description: The Chinese Oil Industry: History and Future presents a wealth of tables and figures with new data on Chinese fossil fuel production and consumption, together with a peak oil model to forecast future trends in energy supply and demand. Energy experts in China and the United States provide you with a unique overview of the entire Chinese oil industry. The authors discuss trends in production and consumption of global significance through to the middle of the 21st century, including the energy returned on energy invested (EROI) for China’s oil and gas. The role of oil in the industrialization of China is described as are four phases in the history of the Chinese oil industry. Detailed coverage of resources and exploration, pipeline development, refining and marketing, petroleum and natural gas pricing policies, and international cooperation is followed by consideration of conservation, renewable energy, and environmental impact. The authors also address the importance of coal and the probable future of coal production. - Offers a comprehensive view of the Chinese oil industry - Presents new and previously unpublished data - Covers history and future trends in production and consumption - Introduces a new peak oil model for China - Discusses EROI trend of oil and natural gas and its consequences for the Chinese economy - Written from an objective viewpoint by leading energy experts


Pdf ebook: Science and the Wealth of Nations

Pdf download ebook Science and the Wealth of Nations

Summary: As Paul Krugman pointed out in his 2013 New York Times Op-Ed piece entitled “The New Growth Fizzle,” idea-based growth theory has been a bust. In this

  • Author : Bernard C. Beaudreau
  • Publisher: Cambridge Scholars Publishing
  • ISBN: 1527569403
  • Genre: Business & Economics
  • Number of Pages: 235
  • Language: English
  • Views: 644
  • Downloads: 644
  • GET BOOK

Description: As Paul Krugman pointed out in his 2013 New York Times Op-Ed piece entitled “The New Growth Fizzle,” idea-based growth theory has been a bust. In this volume, an alternative approach is presented, one that, unlike existing growth theory, is consistent with the laws that govern material processes in general, with the historical record from time immemorial, and with data. Specifically, it provides compelling rationalizations of the 1970s productivity slowdown, Robert Solow’s information paradox and the failure of policy in Western industrialized nations to restore growth rates. Drawing from classical mechanics and thermodynamics, it provides a consilient account of the material processes that were the very subject of political economy in the 19th century and economics in the 20th and 21st centuries.


Pdf ebook: Anthill Economics

Pdf download ebook Anthill Economics

Summary: Does modern economic theory violate the basic laws of nature and physics? That is the question that award-winning environmental and energy writer Nathanial

  • Author : Nathanial Gronewold
  • Publisher: Rowman & Littlefield
  • ISBN: 1633886530
  • Genre: Business & Economics
  • Number of Pages: 240
  • Language: English
  • Views: 1267
  • Downloads: 1267
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Description: Does modern economic theory violate the basic laws of nature and physics? That is the question that award-winning environmental and energy writer Nathanial Gronewold sets out to answer in Anthill Economics. Drawing from the nascent field of biophysical economics, Anthill Economics puts forth a radical new way of thinking: as 21st-century citizens, the global economy truly is our human ecosystem. It is where raw materials are sourced, goods are supplied, energy is converted, and capital is exchanged. Shouldn't it stand to reason that the same principles that affect animal ecosystems (like population density, habitation patterns, and energy return on investment) similarly apply to our –albeit more complex –human ecosystem, too? With an innovative and cross-disciplinary approach, Gronewold draws comparisons from both the animal kingdom and the atomic world. The rollercoaster-like rise and fall of the caribou population on a remote island can teach us about resource allocation. The behavior of squirrels gathering nuts is a lesson in energy return on investment. Could the high unemployment rates of anthill colonies shed light on problems with the human job market? And, will global warming change these patterns for humans and insects alike? Furthermore, if certain laws of physics can be used to explain the distribution of energy in a complex physical system, could these same laws also explain the distribution of money in a complex economic system as well? This clearly written book full of illuminating ecological analogies provides a more complete understanding of human commerce shaped by the rules of nature and laws of physics.


Pdf ebook: The Unity of Science and Economics

Pdf download ebook The Unity of Science and Economics

Summary: This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values

  • Author : Jing Chen
  • Publisher: Springer
  • ISBN: 149393466X
  • Genre: Science
  • Number of Pages: 136
  • Language: English
  • Views: 1400
  • Downloads: 1400
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Description: 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.


Pdf ebook: Rethinking Economic Growth Theory From a Biophysical Perspective

Pdf download ebook Rethinking Economic Growth Theory From a Biophysical Perspective

Summary: Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can be

  • Author : Blair Fix
  • Publisher: Springer
  • ISBN: 3319128264
  • Genre: Business & Economics
  • Number of Pages: 125
  • Language: English
  • Views: 392
  • Downloads: 392
  • GET BOOK

Description: 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.


Pdf ebook: Energy and the Wealth of Nations

Pdf download ebook Energy and the Wealth of Nations

Summary: In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheet

  • Author : Charles A.S. Hall,Kent Klitgaard
  • Publisher: Springer
  • ISBN: 3319662198
  • Genre: Business & Economics
  • Number of Pages: 511
  • Language: English
  • Views: 647
  • Downloads: 647
  • GET BOOK

Description: In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.” Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal limits to growth found in the investment process and rising inequality with the biophysical limits posed by finite energy resources. The authors focus attention on the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the high cost and relatively low EROI of finding and exploiting new oil fields, including the much ballyhooed shale plays and oil sands, and whether alternative energy technologies such as wind and solar power can meet the minimum EROI requirements needed to run society as we know it. For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers. In this “perpetual motion” of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again. In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics. As we enter the second half of the age of oil, when energy supplies and the environmental impacts of energy production and consumption are likely to constrain economic growth, this exemption should be considered illusory at best. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, empirical, and unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society.


Pdf ebook: Beyond GDP

Pdf download ebook Beyond GDP

Summary: This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of n

  • Author : Matthew Kuperus Heun,Michael Carbajales-Dale,Becky Roselius Haney
  • Publisher: Springer
  • ISBN: 3319128205
  • Genre: Business & Economics
  • Number of Pages: 201
  • Language: English
  • Views: 1400
  • Downloads: 1400
  • GET BOOK

Description: This book uses the metaphor “The economy is society's metabolism” as a springboard to develop a rigorous theoretical framework for a better system of national accounts which goes “Beyond GDP” and is relevant to the age of resource depletion. Society is entering a new era in which biophysical limits related to natural resource extraction rates and the biosphere's waste assimilation capacity are becoming binding constraints on mature economies. Unfortunately, the data needed for policy-makers to understand and manage economic growth in this new era are not universally available. All stakeholders need a new way to understand our economy in the context of the biosphere’s ability to provide essential natural capital, and we suggest that detailed information about materials, energy, embodied energy, and energy intensity should be routinely gathered, analyzed, and disseminated from a centralized location to provide markets and policymakers with a more comprehensive understanding of the biophysical economy. However, a firm theoretical foundation is needed before proceeding along this new path, which this book is intended to provide. After arguing that the stock of manufactured capital is an important driver of material and energy demands imposed upon the biosphere, a new accounting framework is derived from the laws of thermodynamics to reflect the fact that material and embodied energy accumulate within the capital stock of economic sectors. This framework extends the Energy Input-Output (EI-O) techniques first developed by Bullard, Herendeen, and others to estimate energy intensity of economic products. Implications from the new framework are discussed, including the value of economic metrics for policy-making, the need for physically-based rather than product-based EI-O formulations, a re-assessment of the concept of economic “growth,” and an evaluation of recycling, reuse, and dematerialization. The framework also provides an opportunity to assess an array of definitions for Daly's “steady-state economy” in relation to the ideal of a sustainable economy. The book ends with a list of steps to be taken in creating a more comprehensive system of national accounts: National accounting agencies worldwide should develop and maintain balance sheets of both natural and manufactured capital in addition to national income statements All stocks and inter-sector flows should be provided in physical as well as financial units In the US, the Bureau for Economic Analysis (BEA) should restart detailed Capital, Labor, Energy, Material, and Services (KLEMS) reporting National accounting agencies should routinely estimate the energy intensity of economic products, and all of the above should be estimated and disseminated on an annual basis.


Pdf ebook: The Energy of Slaves

Pdf download ebook The Energy of Slaves

Summary: “A robustly researched and smoothly written overview of the many challenges confronting our devotion to fossil fuels” from the author of Tar Sands (Qui

  • Author : Andrew Nikiforuk
  • Publisher: Greystone Books
  • ISBN: 1553659791
  • Genre: Business & Economics
  • Number of Pages: 298
  • Language: English
  • Views: 1111
  • Downloads: 1111
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Description: “A robustly researched and smoothly written overview of the many challenges confronting our devotion to fossil fuels” from the author of Tar Sands (Quill & Quire). Ancient civilizations relied on shackled human muscle. It took the energy of slaves to plant crops, clothe emperors, and build cities. Nineteenth-century slaveholders viewed critics as hostilely as oil companies and governments now regard environmentalists. Yet the abolition movement had an invisible ally: coal and oil. As the world’s most versatile workers, fossil fuels replenished slavery’s ranks with combustion engines and other labor-saving tools. Since then, cheap oil has transformed politics, economics, science, agriculture, and even our concept of happiness. Many North Americans today live as extravagantly as Caribbean plantation owners. We feel entitled to surplus energy and rationalize inequality, even barbarity, to get it. But endless growth is an illusion. In this provocative book, Andrew Nikiforuk, winner of the Rachel Carson Environment Book Award, argues that what we need is a radical emancipation movement that ends our master-and-slave approach to energy. We must learn to use energy on a moral, just, and truly human scale. Published in Partnership with the David Suzuki Institute “In his cautionary tale about the evils of oil . . . Nikiforuk makes his case for impending doom if we don’t mend our energy-spending ways.” —The Star “In this cogently argued book, Andrew Nikiforuk deploys a powerful metaphor. Oil dependency, he writes, is a modern form of slavery—and it’s time for a global abolition movement.” —Taras Grescoe, author of Shanghai Grand “A startling critique that should rouse us from our pipe dream of endless plenty.” —Ronald Wright, author of On Fiji Islands


Pdf ebook: The Economics of Oil

Pdf download ebook The Economics of Oil

Summary: This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The p

  • Author : S.W. Carmalt
  • Publisher: Springer
  • ISBN: 3319478192
  • Genre: Business & Economics
  • Number of Pages: 118
  • Language: English
  • Views: 1899
  • Downloads: 1899
  • GET BOOK

Description: This book examines the ways that oil economics will impact the rapidly changing global economy, and the oil industry itself, over the coming decades. The predictions of peak oil were both right and wrong. Oil production has been constrained in relation to demand for the past decade, with a resulting four-fold increase in the oil price slowing the entire global economy. High oil prices have encouraged a small increase in oil production, and mostly from the short-lived “fracking revolution,” but enough to be able to claim that “peak oil” was a false prophecy. The high oil price has also engendered massive exploration investments, but remaining hydrocarbon stocks generally offer poor returns in energy (the energy return on investment or EROI) and financial terms, and no longer replace the reserves being produced. As a result, the economically powerful oil companies are under great pressure, both financially and politically, as oil remains the backbone of the global economy./div”Development scenarios and political pressure for growth as a means of solving economic woes both require more net energy, which is the amount of energy available after energy (and thus financial) inputs required for new sources to come on line are deducted. In today’s economy, more energy usually means more oil. Although a barrel of oil from any source may look the same, “tight oil” and oil from tar sands require much higher prices to be profitable for the producer; these expensive sources have very different economic implications from the conventional oil supplies that underpinned economic growth for most of the 20th century. The role of oil in the global economy is not easily changed. Since currently installed infrastructure assumes oil, a change implies more than just substitution of an energy source. The speed with which such basic structural changes can be made is also constrained, and ultimately themselves dependent on fossil fuel inputs. It remains unclear how this scenario will evolve, and that uncertainty adds additional economic pressure to the investment decisions that must be made. “Drill baby drill” and new pipeline projects may be attractive politically, but projections of economic and associated oil production growth based on past performance are clearly untenable.


Pdf ebook: Climate and Energy Protection in the EU and China

Pdf download ebook Climate and Energy Protection in the EU and China

Summary: This edited volume gives an insight into climate and energy protection in China and the European Union (EU). By taking a closer look at the EU and China se

  • Author : Peter Hefele,Michael Palocz-Andresen,Maximilian Rech,Jan-Henrik Kohler
  • Publisher: Springer
  • ISBN: 3319998374
  • Genre: Business & Economics
  • Number of Pages: 150
  • Language: English
  • Views: 320
  • Downloads: 320
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Description: This edited volume gives an insight into climate and energy protection in China and the European Union (EU). By taking a closer look at the EU and China seperately, the book presents the current situation in terms of environmental policy and energy use/ consumption in EU as well as in China. The book broaches the collaboration of the EU and China regarding climate and energy protection. The target audience primarily comprises research experts in the field of climate research as well as public decision makers.


Pdf ebook: Energy and the Financial System

Pdf download ebook Energy and the Financial System

Summary: The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energ

  • Author : Roger Boyd
  • Publisher: Springer Science & Business Media
  • ISBN: 3319042386
  • Genre: Business & Economics
  • Number of Pages: 80
  • Language: English
  • Views: 1978
  • Downloads: 1978
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Description: The modern financial system was developed to support the rapid economic growth that took off about 200 years ago with the phenomenal amounts of cheap energy made available through the exploitation of fossil fuels. As a result, its viability is completely dependent upon the continuation of that growth. Unfortunately, the more recent fossil fuel discoveries, especially for oil, have tended to have lower production levels than earlier ones. In addition, greater amounts of energy are required to extract the fossil fuels leading to less net energy available for society. The Energy Return On Investment (EROI) for oil has fallen from 30:1 in the 1970's to 10:1 today. Thus, newer energy finds produce lower extraction rates and more of the energy provided is offset by the energy used in the extraction processes. The result has been economic stagnation or even contraction, with growth in China and India etc. only possible due to the extensive use of local coal reserves, and recession-induced drops in OECD country energy use. Renewable sources of energy will not be able to expand fast enough to replace the 87% of energy supplies provided by fossil fuels, and apart from hydro and wind, tend to have very low EROI rates. They are also critically dependent upon the cheap energy infrastructure provided by fossil fuels. The phenomenal amounts of path-dependent energy infrastructure will also greatly inhibit any move away from fossil fuels. Without continued economic growth there will not be the extra output to fund loan interest payments, nor the revenue and profit growth to support share price/earnings multiples. The financial system acts as a time machine, creating asset prices based upon perceptions of the future. As an increasing percentage of investors come to accept the future reality of at best, financial asset prices will fall to reflect a realistic future. The resulting crash will remove the underpinnings of the banking, brokerage, mutual fund, pension fund, and insurance industries. The comfortable futures of many will be shown to have been based upon a mirage of future growth that will not take place. With the financial system acting as the critical coordination system of the global economy, its crash will also intensify economic problems. Written by a retired financial industry executive with over 25 years of experience, this book describes how the crisis will affect different regions and industries to help identify the career and investment choices which may provide a relative safe harbour.


Pdf ebook: Rethinking Economic Growth Theory From a Biophysical Perspective

Pdf download ebook Rethinking Economic Growth Theory From a Biophysical Perspective

Summary: Neoclassical growth theory is the dominant perspective for explaining economic growth. At its core are four implicit assumptions: 1) economic output can be

  • Author : Blair Fix
  • Publisher: Springer
  • ISBN: 3319128264
  • Genre: Business & Economics
  • Number of Pages: 125
  • Language: English
  • Views: 751
  • Downloads: 751
  • GET BOOK

Description: 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.


Pdf ebook: Routledge Handbook of the History of Sustainability

Pdf download ebook Routledge Handbook of the History of Sustainability

Summary: The Routledge Handbook of the History of Sustainability is a far-reaching survey of the deep and contemporary history of sustainability. This innovative re

  • Author : Jeremy L. Caradonna
  • Publisher: Routledge
  • ISBN: 1134866550
  • Genre: Business & Economics
  • Number of Pages: 444
  • Language: English
  • Views: 800
  • Downloads: 800
  • GET BOOK

Description: The Routledge Handbook of the History of Sustainability is a far-reaching survey of the deep and contemporary history of sustainability. This innovative resource will help to define the history of sustainability as an identifiable field. It provides a unique resource for advanced undergraduates, graduate students, and scholars, and delivers essential context for understanding the current state and future path of the sustainability movement. The history of sustainability is an increasingly important domain within the discipline of history, which draws on an interdisciplinary set of fields, ranging from energy studies, transportation, and urbanism to environmental history, economics, and philosophy. Key sections in this handbook cover the historiography of sustainability, resilience and collapse in historical societies, the deep roots of sustainability (seventeenth century to nineteenth century), the recent history of sustainability (twentieth century to present), and core issues and key debates in sustainability. This handbook is an invaluable research and teaching tool for those interested in the history and development of sustainability and an essential resource for the many sustainability studies programs that now exist in the world's universities.


Pdf ebook: The Global Politics of Science and Technology - Vol. 2

Pdf download ebook The Global Politics of Science and Technology - Vol. 2

Summary: An increasing number of scholars have begun to see science and technology as relevant issues in International Relations (IR), acknowledging the impact of m

  • Author : Maximilian Mayer,Mariana Carpes,Ruth Knoblich
  • Publisher: Springer
  • ISBN: 364255010X
  • Genre: Political Science
  • Number of Pages: 302
  • Language: English
  • Views: 732
  • Downloads: 732
  • GET BOOK

Description: An increasing number of scholars have begun to see science and technology as relevant issues in International Relations (IR), acknowledging the impact of material elements, technical instruments, and scientific practices on international security, statehood, and global governance. This two-volume collection brings the debate about science and technology to the center of International Relations. It shows how integrating science and technology translates into novel analytical frameworks, conceptual approaches and empirical puzzles, and thereby offers a state-of-the-art review of various methodological and theoretical ways in which sciences and technologies matter for the study of international affairs and world politics. The authors not only offer a set of practical examples of research frameworks for experts and students alike, but also propose a conceptual space for interdisciplinary learning in order to improve our understanding of the global politics of science and technology. The second volume raises a plethora of issue areas, actors, and cases under the umbrella notion techno-politics. Distinguishing between interactional and co-productive perspectives, it outlines a toolbox of analytical frameworks that transcend technological determinism and social constructivism.


Pdf ebook: Biodiversity and Health in the Face of Climate Change

Pdf download ebook Biodiversity and Health in the Face of Climate Change

Summary: This open access book identifies and discusses biodiversity’s contribution to physical, mental and spiritual health and wellbeing. Furthermore, the book

  • Author : Melissa R. Marselle,Jutta Stadler,Horst Korn,Katherine N. Irvine,Aletta Bonn
  • Publisher: Springer
  • ISBN: 3030023184
  • Genre: Medical
  • Number of Pages: 481
  • Language: English
  • Views: 1766
  • Downloads: 1766
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Description: This open access book identifies and discusses biodiversity’s contribution to physical, mental and spiritual health and wellbeing. Furthermore, the book identifies the implications of this relationship for nature conservation, public health, landscape architecture and urban planning – and considers the opportunities of nature-based solutions for climate change adaptation. This transdisciplinary book will attract a wide audience interested in biodiversity, ecology, resource management, public health, psychology, urban planning, and landscape architecture. The emphasis is on multiple human health benefits from biodiversity - in particular with respect to the increasing challenge of climate change. This makes the book unique to other books that focus either on biodiversity and physical health or natural environments and mental wellbeing. The book is written as a definitive ‘go-to’ book for those who are new to the field of biodiversity and health.


Pdf ebook: The Renewable Energy Transition

Pdf download ebook The Renewable Energy Transition

Summary: Canada is a well-endowed country that serves as an ideal model to lead the reader through the development of energy, resources, and society historically an

  • Author : John Erik Meyer
  • Publisher: Springer Nature
  • ISBN: 3030291154
  • Genre: Business & Economics
  • Number of Pages: 386
  • Language: English
  • Views: 1241
  • Downloads: 1241
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Description: Canada is a well-endowed country that serves as an ideal model to lead the reader through the development of energy, resources, and society historically and into a post-carbon future. The book provides an historical perspective and describes the physical resource limitations, energy budgets, and climate realities that will determine the potential for any transition to renewable energy. Political and social realities, including jurisdiction and energy equality issues, are addressed. However, we cannot simply mandate or legislate policies according to social and political aspirations. Policies must comply with the realities of physical laws, such as the energy return on investment (EROI) for fossil-fuel based and renewable energy systems. EROI is discussed in both historical terms and in reference to the greater efficiencies inherent in a distributed generation, mainly electric, post-carbon society. Meyer explores the often misleading concepts and terms that have become embedded in society and tend to dictate our policy making, as well as the language, social and personal goals, and metrics that need to change before the physical transition can begin at the required scale. This book also reviews what nations have been doing thus far in terms of renewables, including the successes and failures in Canada and across the globe. Ontario’s green energy fiasco, and a comparison of the different circumstances of Norway and Alberta, for example, are covered as part of the author’s comparison of a wide range of countries. What are the achievements, plans, and problems that determine how well different countries are positioned to make “the transition”? The transition path is complex, and the tools we need to develop and the physical infrastructure investments we need to make, are daunting. At some point in time, Canada and Canadians, like all nations, will be living on 100% renewable energy. Whether the social and technological level that endures sees us travelling to the stars, or subsisting at a standard of living more similar to the pre-fossil fuel era, is far from certain.


Pdf ebook: The Political Economy of Clean Energy Transitions

Pdf download ebook The Political Economy of Clean Energy Transitions

Summary: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a f

  • Author : Douglas Arent,Channing Arndt,Mackay Miller,Finn Tarp,Owen Zinaman
  • Publisher: Oxford University Press
  • ISBN: 0192523015
  • Genre: Business & Economics
  • Number of Pages: 544
  • Language: English
  • Views: 1248
  • Downloads: 1248
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Description: This is an open access title available under the terms of a CC BY-NC-SA 3.0 IGO licence. It is free to read at Oxford Scholarship Online and offered as a free PDF download from OUP and selected open access locations. The 21st Conference of the Parties (CoP21) to the United Nations Framework Convention on Climate Change (UNFCCC) shifted the nature of the political economy challenge associated with achieving a global emissions trajectory that is consistent with a stable climate. The shifts generated by CoP21 place country decision-making and country policies at centre stage. Under moderately optimistic assumptions concerning the vigour with which CoP21 objectives are pursued, nearly every country will attempt to design and implement the most promising and locally relevant policies for achieving their agreed contribution to global mitigation. These policies will vary dramatically across countries as they embark on an unprecedented era of policy experimentation in driving a clean energy transition. This book steps into this new world of broad-scale and locally relevant policy experimentation. The chapters focus on the political economy of clean energy transition with an emphasis on specific issues encountered in both developed and developing countries. The authors contribute a broad diversity of experience drawn from all major regions of the world, representing a compendium of what has been learned from recent initiatives, mostly (but not exclusively) at country level, to reduce GHG emissions. As this new era of experimentation dawns, their contributions are both relevant and timely.