The conventional utility-based approach to microeconomics is now nearly a century old and although frequently criticised, it has yet to be replaced. On the Reappraisal of Microeconomics offers an alternative approach that overcomes most of the objections to orthodox theory, whilst offering some...

The authors argue that thermodynamics offers a means of accounting for both resource inputs and waste outputs in a systematic and uniform way. The new feature of the present work is to extend the applications of exergy analysis to resource and waste accounting and to present the results in an...