rdf-syntax-grammar
mods:
  schema location: http://www.loc.gov/mods/v3 http://www.loc.gov/standards/mods/v3/mods-3-2.xsd
  title info:
    title: Energy and the Wealth of Nations
    sub title: An Introduction to Biophysical Economics
  name:
    name part: Hall, Charles A.S.
    role:
      role term: creator
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: Klitgaard, Kent.
    role:
      role term: author.
    role:
      role term: aut
    role:
      role term: http://id.loc.gov/vocabulary/relators/aut
  name:
    name part: SpringerLink (Online service)
  type of resource: text
  origin info:
    place:
      place term: gw
    date issued: 2018
    edition: 2nd ed. 2018.
    issuance: monographic
  language:
    language term: eng
  physical description:
    form: electronic
    form: electronic resource
    reformatting quality: access
    form: remote
    extent: XI, 511 p. 157 illus., 145 illus. in color. online resource.
  abstract: 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 s…
  table of contents: Part I Energy and the Origins of Wealth -- Poverty, Wealth, and Human Ambition -- Energy and Wealth Production: An historical perspective -- The Petroleum Revolution I: The first half of the age of oil -- Part II Energy, Economics and the Structure of Society -- Explaining Economics from an Energy Perspective -- The Limits of Conventional Economics -- The Petroleum Revolution II: Concentrated Power and Concentrated Industries -- The Postwar Economic Order, Growth and the Hydrocarbon Economy -- Globalization and Efficiency -- Are there Limits to Growth? Examining the Evidence -- Part III Energy and Economics-the Basics -- What is Energy and How is it Related to Wealth Production? -- The Basic Science Needed to Understand the Relation of Energy to Economics -- The Required Quantitative Skills -- Economics as Science: Social or Biophysical? -- Part IV The Science Behind How Economies Work -- Energy Return on Investment -- Peak Oil, EROI, Investments and Our Financial Future -- Access to Energy and Social Inequality -- The Role of Economic Models for Good and Evil -- How to do Biophysical Economics -- Part V Understanding How Real World Economies Work -- Peak Oil, the Great Recession and the Quest for Sustainability -- Energy, Climate Science, and Planetary Boundaries -- Living the Good Life in a Lower EROI World.
  note: by Charles A.S. Hall, Kent Klitgaard.
  subject:
    topic: Energy policy
  subject:
    topic: Energy and state
  subject:
    topic: Sustainable development
  subject:
    topic: Environmental economics
  subject:
    topic: Sociophysics
  subject:
    topic: Econophysics
  subject:
    topic: Economic geography
  subject:
    topic: Energy Policy, Economics and Management
  subject:
    topic: Sustainable Development
  subject:
    topic: Environmental Economics
  subject:
    topic: Energy Policy, Economics and Management
  subject:
    topic: Data-driven Science, Modeling and Theory Building
  subject:
    topic: Economic Geography
  classification: HD9502-9502.5
  classification: 333.79
  classification: 338.926
  related item:
    title info:
      title: Springer eBooks
  identifier: 9783319662190
  identifier: https://doi.org/10.1007/978-3-319-66219-0
  record info:
    record creation date: 180305
    record change date: 20191026132356.0
    record identifier: 978-3-319-66219-0