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Energy, Complexity and Wealth Maximization de Robert Ayres

Energy, Complexity and Wealth Maximization: The Frontiers Collection

Autor Robert Ayres
en Limba Engleză Hardback – 26 iul 2016
This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary "progress." The massive circular flow of goods and services between producers and consumers is not a perpetual motion machine; it has been dependent for the past 150 years on energy inputs from a finite storage of fossil fuels. In this book, you will learn about the three key requirements for wealth creation, and how this process acts according to physical laws, and usually after some part of the natural wealth of the planet has been exploited in an episode of "creative destruction." Knowledge and natural capital, particularly energy, will interact to power the human wealth engine in the future as it has in the past. Will it sputter or continue along the path of evolutionary progress that we have come to expect? Can the new immaterial wealth of information and ideas, which makes up the so-called knowledge economy, replace depleted natural wealth? These questions have no simple answers, butthis masterful book will help you to understand the grand challenge of our time.

Praise for Energy, Complexity and Wealth Maximization:

“... people who run the modern world (politicians, economists and lawyers) have a very poor grasp of how it really works because they do not understand the fundamentals of energy, exergy and entropy ... those decision-makers would greatly benefit from reading this book ...” -  Vaclav Smil, Distinguished Professor Emeritus, University of Manitoba

“... A grandiose design; impressive, worth reading and reflecting!” - Prof. Dr. Ernst Ulrich von Weizäcker, Founder of Wuppertal Institute; Co-President of the Club of Rome, Former Member of the German Bundestag, co-chair of the UN’s Resource Panel

“... The book is a must read for concerned citizens and decision makers across the globe.”  - RK Pachauri, Founder and Executive Vice Chairman, The Energy and Resources Institute (TERI) and ex-chair, International Panel on Climate Change (IPCC)
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Specificații

ISBN-13: 9783319305448
ISBN-10: 3319305441
Pagini: 480
Ilustrații: XXV, 593 p. 121 illus., 120 illus. in color.
Dimensiuni: 155 x 235 x 33 mm
Greutate: 1.04 kg
Ediția:1st ed. 2016
Editura: Springer International Publishing
Colecția Springer
Seria The Frontiers Collection

Locul publicării:Cham, Switzerland

Cuprins

Preface.- Glossary of Terms.- Glossary of People.- Part I..- A Brief History of Ideas: Energy, Entropy and Evolution.- The Cosmos, the Sun and the Earth.- The Origin of Life.- Energy, Water, Climate and Cycles.- Summary of Part I: From the “Big Bang” to Nutrient Cycles.- Part II.- Energy and Technology.- The New World – and Science.- Energy, Technology and the Future.- Part III.- Mainstream Economics and Energy.- New Perspectives on Capital, Work, and Wealth.- Epilogue.- Appendix. Energy in Growth Theory.- References.

Recenzii

“Ayres does a great job in ‘explaining energy or entropy to otherwise educated people’ … which was the starting point of this book. He not only illustrates the physical basics of thermodynamics in a very comprehensible way for non-physicists, but also points out the importance of energy for the evolution of mankind. Therefore, (energy) economists as well as people interested in the interdependency between physics, technology and economics will certainly enjoy reading this book.” (Daniel Nachtigall, Journal of Economics, Vol. 121, 2017)

Notă biografică

Professor Ayres holds a PhD in Mathematical Physics from Kings College, University of London, a MSc in Physics from the University of Maryland and a BA, BSc from the University of Chicago. He is currently Emeritus Professor of Economics and Political Science and of Technology and Operations Management at INSEAD, the international graduate business school.

He joined INSEAD in 1992, becoming the first Novartis Chair of Management and the Environment, as well as the founder of CMER, Center for the Management of Environmental Resources. He directed CMER from 1992-2000. Since retirement he has been a visiting professor at Chalmers Institute of Technology in Sweden (where he was also a King's Professor) and Institute Scholar at the International Institute for Applied Systems Analysis (IIASA) in Austria, He remains active, producing publications on topics ranging from Industrial Metabolisms and Industrial Ecology, through Environmental Policy and EnvironmentalEconomics, to Energy. Professor Ayres is the author or coauthor of 21 books, most recently including The Economic Growth Engine (2009, with Benjamin Warr), Crossing the Energy Divide (2009, with Edward Ayres) and The Bubble Economy (2014).

Textul de pe ultima copertă

This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary “progress”. For the modern economy, natural wealth consists of complex physical structures of condensed (“frozen”) energy – mass - maintained in the earth’s crust far from thermodynamic equilibrium. However, we usually perceive wealth as created when mutation or “invention” – a change agent - introduces something different, and fitter, and usually after some part of the natural wealth of the planet has been exploited in an episode of “creative destruction”. Selection out of the resulting diversity is determined by survival in a competitive environment, whether a planet, a habitat, or a market. While human wealth is associated with money and what it can buy, it is ultimately based on natural wealth, both as materials transformed into useful artifacts, and how those artifacts, activated by energy, can create and transmit useful information. Humans have learned how to transformnatural wealth into other forms. Can the new immaterial wealth of information and ideas, which makes up the so-called knowledge economy, replace depleted natural wealth? This seemingly simple question is the grand challenge of the 21st century.

In this book, you will learn about the three key requirements for wealth creation, and how this process acts at all scales from elementary particles to biological organisms to the human economy according to physical laws. At the planetary level, continuing life on Earth depends on “entropy minimization” or the “circular economy”. In the human economy, however, the massive circular flow of goods and services between producers and consumers is not a perpetual motion machine; it has been dependent for the past 150 years on energy inputs from a finite storage of fossil fuels. Knowledge and natural capital, particularly energy, will interact to power the human wealth engine in the future as it has in the past. Will it sputter or continue along the path of evolutionary progress that we have come to expect?

Caracteristici

Offers a first-principles view of the history of wealth creation Shows the unity of the disciplines, from physics and biology to economics, for understanding the requirements of wealth creation Explains the interactions of information and natural resource flows in the human economy Highlights the need for business and political leaders to understand basic science, particularly the laws of thermodynamics, in order to make good decisions Includes supplementary material: sn.pub/extras