Standard economic theory regards capital and labour as the main factors of production that satisfy the “cost-share theorem”. This paper argues that when a third factor, namely energy, is added physical constraints on substitution among the factors arise. We show that energy is a much more...

This companion to Accounting for Resources, 1 tracks the life cycle of specific elements, such as chlorine and heavy metals, in order to estimate the generation and dissipative losses of material wastes. The book begins with a succinct review of the life-cycle analysis methodology and evaluates...

This innovative book presents new research on the increasingly important need to account for the use of resources, and the dispersion of waste materials. It considers resource accounting both at the process level and at the materials level, and in addition offers policy suggestions for waste and...