by Summary:
Economics must be based on an energy theory of value. Here I explain how the laws of thermodynamics and production are consistent, and outline the kind of energy-entropy aware, monetary, multisectoral dynamic nonequilibrium model that economics needs.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Economics must be based on an energy theory of value. Here I explain how the laws of thermodynamics and production are consistent, and outline the kind of energy-entropy aware, monetary, multisectoral dynamic nonequilibrium model that economics needs.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
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