Physical Principles in the Theory of Economic Growth

Price 10.03 USD

EAN/UPC/ISBN Code 9780754611189


This monograph offers a comprehensive description and evaluation of the technological theory of economic growth in one-sector and many-sector approaches. Growth of production is considered to be based on achievements in technological consumption of labour and energy. The set of equations of economic growth allow one to analyze past and present growth of producation and to create scenarios for future development if availability of labour and energy are given. It is a first step in approaching the problem of development of the human-nature system, the problem in which labour and energy supply are determined by evolution of human population itself. It can be the beginning of "ecodynamics", a science which considers the development of human population and economic systems of the society in conjunction with natural phenomena.