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Physical energy cost serves as the "invisible hand" governing economic valuation: Direct evidence from biogeochemical data and the U.S. metal market

Liu, Zhicen; Koerwer, Joel; Nemoto, Jiro; Imura, Hidefumi - In: Ecological Economics 67 (2008) 1, pp. 104-108

Energy supply is mandatory for the production of economic value. Nevertheless, tradition dictates that an enigmatic "invisible hand" governs economic valuation. Physical scientists have long proposed alternative but testable energy cost theories of economic valuation, and have shown the gross...

Persistent link: https://www.econbiz.de/10005067048

Physical energy cost serves as the “invisible hand” governing economic valuation: Direct evidence from biogeochemical data and the U.S. metal market

Liu, Zhicen; Koerwer, Joel; Nemoto, Jiro; Imura, Hidefumi - In: Ecological economics : the transdisciplinary journal of … 67 (2008) 1, pp. 104-108

Persistent link: https://www.econbiz.de/10008087757