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The economic growth engine [Book] : how energy and work drive material prosperity / R.U Ayers and B. Warr.

By: Contributor(s): Material type: TextTextPublication details: Cheltenham : Edward Elgar, 2009.Description: xxi, 411 p. : ill. ; 24 cmISBN:
  • 9781848441828 (hbk.) :
Subject(s): DDC classification:
  • 338.9 22
Other classification:
  • 338.9
Summary: 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.
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Holdings
Item type Current library Call number Status Date due Barcode Item holds
Books Books Junaid Zaidi Library, COMSATS University Islamabad 2nd Floor 338.9 AYR-E (Browse shelf(Opens below)) Available 49751
Books Books Junaid Zaidi Library, COMSATS University Islamabad Reference 338.9 AYR-E (Browse shelf(Opens below)) Available 49931
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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.

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