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The second law of economics : energy, entropy, and the origins of wealth

Author: Reiner Kümmel
Publisher: New York : Springer Science+Business Media, LLC, ©2011.
Series: Frontiers collection.
Edition/Format:   eBook : Document : EnglishView all editions and formats
Summary:

Does economics conform to the First and Second Laws of Thermodynamics? This important and fascinating tour of these laws and their influence on natural, technological, and social evolution uses them  Read more...

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Genre/Form: Electronic books
Additional Physical Format: Print version:
Kümmel, Reiner.
Second law of economics.
New York : Springer, 2011
(DLC) 2011929864
Material Type: Document, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Reiner Kümmel
ISBN: 9781441993656 1441993657 1441993649 9781441993649
OCLC Number: 743299393
Description: 1 online resource (xix, 293 pages) : illustrations (some color).
Contents: Chapter 1: PROLOGUE: Time Travel with Abel From Big Bang to Sun Light on Earth As Life Goes Fire and Grain Ancient Empires Wind Power, Gunpowder and Wood Industrial Revolution Golden Age Outlook References Chapter 2: ENERGY 2.1 Understanding the Prime Mover 2.1.1 How the Energy Concept Evolved 2.1.2 Energy for All and Forever 2.1.3 Energy Quantity and Quality 2.2 Sun and Earth 2.2.1 Energy Production in the Sun 2.2.2 The Natural Greenhouse Effect 2.2.3 Solar Activity and Climate 2.2.4 Photosynthesis, Respiration and Food Production 2.3 Amplifiers of Muscles and Brain 2.3.1 Heat Engines 2.3.2 Transistors 2.4 Energy Services 2.4.1 Freedom from Toil 2.4.2 Comfort, Mobility, Information 2.4.3 Political Power 2.5 Consumption - and What is Left 2.5.1 Consumption of Energy Carriers 2.5.2 Reserves and Resources of Fossil and Nuclear Fuels 2.5.3 Renewable Energies 2.5.4 Energy Conservation 2.6 Technological Perspectives 2.6.1 Fission 2.6.2 Fusion 2.6.3 Solar Power from Deserts and Space 2.7 Appendix A: Basic Forms of Energy 2.7.1 System Energies 2.7.2 Work and Heat 2.7.3 Enthalpy and Exergy 2.7.4 Thermodynamic Potentials 2.8 Appendix B: Energy Units References Chapter 3: ENTROPY 3.1 No Free Lunch 3.2 Equipartition, the Toddler and Entropy 3.3 States of Systems 3.4 The Way Things Change 3.4.1 Driving Towards Disorder 3.4.2 Haste Makes Waste: Irreversible Processes 3.5 Arrow of Time 3.6 Entropy Production and Emissions 3.6.1 Sources and Substances 3.6.2 Anthropogenic Greenhouse Effect 3.6.3 Pollution Control and Heat Equivalents of NOX, SO2, CO2, and Nuclear Waste3.7 Appendix: Non-equilibrium Thermodynamics and Second Law 3.7.1 Gibbs' Fundamental Equation 3.7.2 Balance Equations 3.7.3 Density of Entropy Production References Chapter 4: ECONOMY 4.1 Complementary Perspectives on the Economy 4.2 Energy, Entropy and the Growth Paradigm 4.3 Pre-Analytic Vision: The Law of Diminishing Returns 4.4 How Technological Constraints Change Economic Equilibrium 4.4.1 Output Elasticities 4.4.2 Shadow Prices 4.4.3 Appendix 1: Maximizing Profit 4.4.4 Appendix 2: Maximizing Overall Welfare 4.5 The Second Law of Economics 4.5.1 Levels of Wealth Creation 4.5.2 The Technological Constraints on Capital, Labor and Energy 4.5.3 Modeling Production 4.5.4 Economic Growth in German, Japan, and the USA 4.5.5 The Productive Powers of Capital, Labor, Energy, and Creativity 4.5.6 Cointegration 4.5.7 The "Useful Work" Approach 4.5.8 Pollution, Recycling and Perspectives on Growth 4.5.9 Appendix 3: Aggregating Output and Factors in Physical Terms4.5.10 Appendix 4: Explicit Constraint Equations 4.5.11 Appendix 5: Empirical Data of Output and Inputs 4.5.12 Appendix 6: Determining Technology Parameters 4.6 Distribution of Wealth 4.6.1 Adam Smith's Concepts and Karl Marx' Error 4.6.2 Rich and Poor 4.6.3 Taxes and Debts 4.6.4 Discounting the Future 4.7 Summary and Discussion References Chapter 5: EPILOGUE: Decisions under Uncertainty Ethics Reason References GLOSSARY INDEX
Series Title: Frontiers collection.
Responsibility: Reiner Kümmel.

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