Energy and the Wealth of Nations Understanding the Biophysical Economy /

• Main Authors: Hall, Charles A. S. (Author), Klitgaard, Kent A. (Author)
• Corporate Author: SpringerLink (Online service)
• Format: Electronic eBook
• Language: English
• Published: New York, NY : Springer New York : Imprint: Springer, 2012.
• Edition: 1.
• Subjects: Engineering.; Energy policy.; Energy and state.; Economic geography.; Sociophysics.; Econophysics.; Energy industries.; Sustainable development.; Environmental economics.; Energy Economics.; Sustainable Development.; Environmental Economics.; Energy Policy, Economics and Management.; Socio- and Econophysics, Population and Evolutionary Models.; Economic Geography.

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...