000 03650nam a22005295i 4500
001 978-1-4419-9365-6
003 DE-He213
005 20140220083728.0
007 cr nn 008mamaa
008 110623s2011 xxu| s |||| 0|eng d
020 _a9781441993656
_9978-1-4419-9365-6
024 7 _a10.1007/978-1-4419-9365-6
_2doi
050 4 _aQC1-999
072 7 _aJHBC
_2bicssc
072 7 _aPSAF
_2bicssc
072 7 _aSCI064000
_2bisacsh
082 0 4 _a621
_223
100 1 _aKümmel, Reiner.
_eauthor.
245 1 4 _aThe Second Law of Economics
_h[electronic resource] :
_bEnergy, Entropy, and the Origins of Wealth /
_cby Reiner Kümmel.
264 1 _aNew York, NY :
_bSpringer New York :
_bImprint: Springer,
_c2011.
300 _aXX, 296 p.
_bonline resource.
336 _atext
_btxt
_2rdacontent
337 _acomputer
_bc
_2rdamedia
338 _aonline resource
_bcr
_2rdacarrier
347 _atext file
_bPDF
_2rda
490 1 _aThe Frontiers Collection,
_x1612-3018
520 _aNothing happens in the world without energy conversion and entropy production.  These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution?  Does economics conform to the First and the Second  Law of Thermodynamics?  In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution.  Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the  productive power of energy far outweighs its small share of costs, while for labor just the opposite is true.  Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production.   These facts constitute the Second Law of Economics. They take on unprecedented  importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change.  They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome.  By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws.  The critical role of energy  and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.
650 0 _aPhysics.
650 0 _aThermodynamics.
650 0 _aEngineering economy.
650 0 _aSustainable development.
650 0 _aEnvironmental economics.
650 1 4 _aPhysics.
650 2 4 _aSocio- and Econophysics, Population and Evolutionary Models.
650 2 4 _aEnergy Economics.
650 2 4 _aEnergy Policy, Economics and Management.
650 2 4 _aSustainable Development.
650 2 4 _aEnvironmental Economics.
650 2 4 _aThermodynamics.
710 2 _aSpringerLink (Online service)
773 0 _tSpringer eBooks
776 0 8 _iPrinted edition:
_z9781441993649
830 0 _aThe Frontiers Collection,
_x1612-3018
856 4 0 _uhttp://dx.doi.org/10.1007/978-1-4419-9365-6
912 _aZDB-2-PHA
999 _c106031
_d106031