The economic growth engine [Book] : how energy and work drive material prosperity / R.U Ayers and B. Warr.
Material type:![Text](/opac-tmpl/lib/famfamfam/BK.png)
- 9781848441828 (hbk.) :
- 338.9 22
- 338.9
Item type | Current library | Call number | Status | Date due | Barcode | Item holds |
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Junaid Zaidi Library, COMSATS University Islamabad 2nd Floor | 338.9 AYR-E (Browse shelf(Opens below)) | Available | 49751 | ||
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Junaid Zaidi Library, COMSATS University Islamabad Reference | 338.9 AYR-E (Browse shelf(Opens below)) | Available | 49931 |
Uk
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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