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

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Institutional Size,rarchy (as embodied in large, hierarchical institutions) plays an essential role in facilitating the growth of energy consumption. Anthropological evidence supporting this hypothesis is discussed, as well as the implications of this hypothesis for economic theory.

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Introduction,g the use of real GDP for measuring economic scale). This book uses energy flow as a measure of . scale. While this methodology requires a leap of faith on the part of the reader trained in conventional economics, the need for a new approach to growth theory is so great that this paradigm shift can be justified.

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Distribution,trickle-down theory (which hypothesizes that an increase in income inequality should be beneficial to growth). The implication of this evidence is that a future energy contraction will likely exacerbate existing distributional issues.

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Labor Structure,ove prediction, contradicting the neoclassical assumption that structural change is unimportant to growth. The implication of these results is that a future contraction of the world’s energy supply will likely render the current demographic “inversion” inoperative.

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Blair FixIncludes supplementary material:

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hic levels, and decompose plant litter, and these organisms function within a complex landscape mosaic. It would be surprising, therefore, if the traits of individuals and their abundances and diversity did not determine ecosystem and landscape traits and processes (e.g., the pool sizes and rates of