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The History and Future of Economics

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The book explores the concept that energy is the fundamental substance of the universe, essential for material transformation and information transmission. It critiques the labor theory of value, initially proposed by physiocrats and developed by influential economists like Adam Smith and Karl Marx, suggesting it serves as a preliminary framework for understanding the value creation process. Through this analysis, the author aims to provide a deeper insight into the relationship between energy and value in economic theory.

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The History and Future of Economics, Robert Ayres

Sprache
Erscheinungsdatum
2023
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(Hardcover)
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Titel
The History and Future of Economics
Sprache
Englisch
Autor*innen
Robert Ayres
Erscheinungsdatum
2023
Einband
Hardcover
Seitenzahl
412
ISBN13
9783031262074
Reihe
Beschreibung
The book explores the concept that energy is the fundamental substance of the universe, essential for material transformation and information transmission. It critiques the labor theory of value, initially proposed by physiocrats and developed by influential economists like Adam Smith and Karl Marx, suggesting it serves as a preliminary framework for understanding the value creation process. Through this analysis, the author aims to provide a deeper insight into the relationship between energy and value in economic theory.