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For the past 150 years, economics has been treated as a social science in which economies are modeled as a circular flow of income between producers and consumers.  In this “perpetual motion†of interactions between firms that produce and households that consume, little or no accounting is given of the flow of energy and materials from the environment and back again.  In the standard economic model, energy and matter are completely recycled in these transactions, and economic activity is seemingly exempt from the Second Law of Thermodynamics.  As we enter the second half of the age of oil, and as energy supplies and the environmental impacts of energy production and consumption become major issues on the world stage, this exemption appears illusory at best. In Energy and the Wealth of Nations, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our “petroleum economy.†Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, the failure of markets to recognize or efficiently allocate diminishing resources, the economic consequences of peak oil, the EROI for finding and exploiting new oil fields, and whether alternative energy technologies such as wind and solar power meet the minimum EROI requirements needed to run our society as we know it. This book is an essential read for all scientists and economists who have recognized the urgent need for a more scientific, unified approach to economics in an energy-constrained world, and serves as an ideal teaching text for the growing number of courses, such as the authors’ own, on the role of energy in society. Sustainability: Carrying Capacity & Ecological Footprints ... Did You Know?. June 14 2008 Earth Policy Institute Plan B 3.0 *The 8 warmest years have occurred in the last decade. *For seven of the last eight years the world ... Book review of Failing states collapsing systems ... [ In this post I summarize the sections of Nafeezs book about the biophysical factors that bring nations down (i.e. climate change drought & water scarcity ... Educating for a Sustainable Future: A Transdisciplinary ... United Nations Educational Scientific and Cultural Organization Educating for a Sustainable Future A Transdisciplinary Vision for Concerted Action Find a Supervisor /PhD Project - NUI Galway One of the most important parts of choosing a research programme is finding a supervisor who has relevant expertise in your area of interest. When you find a ... Gapminder: Unveiling the beauty of statistics for a fact ... A dream come true! Dollar Street. Dollar Street is now live! Visit homes from all over the World to see how people really live. Toys on Dollar Street Earth Science Conferences Climate Change Conferences ... Sessions/ Tracks. Geological Sciences and Natural Hazards. Geosciences or earth science is a broad term encompassing any studies pertaining to the earth or the ... Sustainability - Wikipedia The name sustainability is derived from the Latin sustinere (tenere to hold; sub up). Sustain can mean maintain" "support" or "endure. Since the 1980s ... Population Sustainability and Earth's Carrying Capacity ... click here Population Sustainability and Earth's Carrying Capacity: A framework for estimating population sizes and lifestyles that could be sustained without ... ScienceDebate.org Presidential Science Debate 2016 Hillary Clinton (D) When it comes to climate change the science is crystal clear. Climate change is an urgent threat and a defining challenge of our time and its ... Ecological economics - Wikipedia A simple circular flow of income diagram is replaced in ecological economics by a more complex flow diagram reflecting the input of solar energy which sustains ...
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