Titlebook: Rethinking Economic Growth Theory From a Biophysical Perspective; Blair Fix Book 2015 The Author(s) - SpringerBriefs 2015 Biophysical Econ

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Introduction,scope the complexities of the real world that are deemed irrelevant. The most appropriate starting point for a biophysical growth theory is to investigate the validity of the assumptions made by neoclassical growth theory (the dominant approach at the present time). This chapter outlines the basic t

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Explosive

Distribution,e relation between the growth of useful work (a biophysical measure of scale) and three different types of distribution: functional, debtor/creditor, and personal. In all three cases, the neoclassical distribution assumption is contradicted by empirical evidence. Instead, changes in the level of pro

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Institutional Size,nd growth is tested by comparing changes in both corporate and governmental employment concentration with the growth of energy consumption (which is used as a metric of biophysical scale). Contrary to the neoclassical assumption, on both the national and international level, the employment concentra

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SEVER

Toward a Biophysical Growth Theory,o abandon neoclassical growth theory. This chapter reviews the basic problems with neoclassical theory before outlining some of the essential elements of a biophysical growth theory. The empirical results from previous chapters are used to propose a list of seven ‘stylized’ biophysical facts that a

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Toward a Biophysical Growth Theory, of a biophysical growth theory. The empirical results from previous chapters are used to propose a list of seven ‘stylized’ biophysical facts that a biophysical growth theory must explain. The basic strengths of a biophysical growth theory are discussed and arguments are made for why it is a timely endeavor.

ASTER

Decoupling,chasing power”. Historical evidence supports the conclusion that monetary value does function as a feedback mechanism and that evidence for decoupling is a methodological artifact. The implications for a biophysical growth theory are discussed.