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Bücher Englische Bücher Wissen & Bildung Sozialwissenschaft, Recht, Wirtschaft Wirtschaft Volkswirtschaft The History and Future of Economics
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The History and Future of Economics
Robert U. Ayres (Gebundene Ausgabe, Englisch)
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Beschreibung
The purpose of this book is three-fold. The first purpose is to posit that the fundamental substance of the universe is energy, and that energy is required (consumed) for any material transformation, or information transmission. The labor theory of value, articulated by the physiocrats and elaborated by Adam Smith, David Ricardo, J.B. Say and Karl Marx was a rough first approximation of the value… creation process, in the 17 th and 18 th centuries, but is now obsolete. Labor is now (mostly) performed by machines, not by humans (or animals). The second aim of the book is to argue that the economy is a living (open) system -- an “island of order” –that exists far from both thermodynamic and economic equilibrium. Order is achieved by dissipating a flux of exergy. Economists frequently emphasize the equilibrium assumption, introduced originally by Leon Walras in 1854. But in reality, biological systems and human social systems are dissipative cycles, far from both thermodynamic equilibrium, and economic equilibrium, yet stable and capable of evolution, driven by the solar exergy flux. The third aim of the book is to re-emphasize, that – being open – the economic system cannot be regarded as a collection of individual competitive utility-maximizing transactions. There are, increasingly, important possibilities for cooperation instead of competition. Moreover third party effects, both “bads” (externalities) and the “public good” (happiness) – need to be incorporated into the socio-economic decision making process. Dieses Produkt haben wir gerade leider nicht auf Lager.
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Technische Daten
Erscheinungsdatum
30.04.2023
Sprache
Englisch
EAN
9783031262074
Herausgeber
Springer International Publishing
Sonderedition
Nein
Autor
Robert U. Ayres
Seitenanzahl
402
Einbandart
Gebundene Ausgabe
Autorenporträt
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.
Schlagwörter
History of Economics, Physics and Economics, Thermodynamics and Economics, Order, Utility, Information and Entropy, Entropy, Decarbonization, Wealth, Labor, Exergy, Climate change
Thema-Inhalt
KCA - Wirtschaftstheorie und -philosophie
KCZ - Wirtschaftsgeschichte
KC - Wirtschaftswissenschaft
JBCC9 - Ideengeschichte, Geistesgeschichte
Höhe
235 mm
Breite
15.5 cm
Hersteller: Palgrave Macmillan, Europaplatz 3, Heidelberg, Deutschland, 69115, ProductSafety@springernature.com, Springer Nature Customer Service Center GmbH
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