Showing 1 - 10 of 27
. This paper offers a new approach that focuses on energy consumption. A systematic relation exists between institution size … and energy consumption per capita: as energy consumption increases, institutions become larger. I hypothesize that this … stochastic model can be used to link energy consumption with firm dynamics. …
Persistent link: https://www.econbiz.de/10011644659
Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must...
Persistent link: https://www.econbiz.de/10011645089
. This paper offers a new approach that focuses on energy consumption. A systematic relation exists between institution size … and energy consumption per capita: as energy consumption increases, institutions become larger. I hypothesize that this … stochastic model can be used to link energy consumption with firm dynamics. …
Persistent link: https://www.econbiz.de/10011645097
Neoclassical growth theory assumes that economic growth is an atomistic process in which changes in distribution play no role. Unfortunately, when this assumption is tested against real-world evidence, it is systematically violated. This paper argues that a reality-based growth theory must...
Persistent link: https://www.econbiz.de/10011646064
Nowadays, it is commonplace to claim that the economy overuses our limited material and energy resources and that this …
Persistent link: https://www.econbiz.de/10011992064
energy, hierarchy, and inequality and creates a hindcast of the origin of inequality. The results are broadly consistent with …
Persistent link: https://www.econbiz.de/10011997383
monetary image? After reviewing and critiquing land, labour, utlitarian, and energy theories of value, this paper abandons the … that looks for linkages between monetary indicators, the inter-sectoral movement of human activity, and increases in energy …
Persistent link: https://www.econbiz.de/10012060897
In the distant future, aliens come to Earth. They find a planet devoid of life. Looking closer, the aliens see that life on Earth was once abundant, but was wiped out by a mass extinction. Curiously, this event was driven not by geological disaster, but by one of the extinct species itself. In...
Persistent link: https://www.econbiz.de/10012290598
hierarchy. As societies consume more energy, they tend to become more hierarchical. At the same time, the growth of hierarchy … between energy, hierarchy and inequality. I then speculate about what it implies for achieving a sustainable and equitable …
Persistent link: https://www.econbiz.de/10012428541
According to neoclassical economics, the most efficient way to organize human activity is to use the free market. By stoking self interest, the theory claims, individuals can benefit society. This idea, however, conflicts with the evolutionary theory of multilevel selection, which proposes that...
Persistent link: https://www.econbiz.de/10012626981