Provides an alternative approach to modeling material processes in economics. Argues that material wealth (GDP) is an increasing function of two universal factor inputs, namely broadly-defined energy and broadly-defined organization. Uses the results to examine the productivity slowdown, the ICT revolution and the phenomenon of outsourcing. The latter is attributed to a desire on the part of firms/shareholders to capture a greater share of the relevant energy rents.
Provides an alternative approach to modeling material processes in economics. Argues that material wealth (GDP) is an increasing function of two universal factor inputs, namely broadly-defined energy and broadly-defined organization. Uses the results to examine the productivity slowdown, the ICT revolution and the phenomenon of outsourcing. The latter is attributed to a desire on the part of firms/shareholders to capture a greater share of the relevant energy rents.
Preface Introduction A Conceptual Framework: Newtonian Production Analysis Energy and Organization: The Historical Record Newtonian Production Analysis: Evidence from U.S., German and Japanese Manufacturing Energy, Growth Accounting and the Productivity Slowdown A Theory of Income Distribution The Kahn-Copithorne Hypothesis: Energy-Rent Sharing and Income Distribution The Energy Crisis, Automation and Free-Trade Automation, Off-Shore Production and the Future The Macreconomic Consequences of Automation and Off-Shore Production Conclusions Bibliography Index
Preface Introduction A Conceptual Framework: Newtonian Production Analysis Energy and Organization: The Historical Record Newtonian Production Analysis: Evidence from U.S., German and Japanese Manufacturing Energy, Growth Accounting and the Productivity Slowdown A Theory of Income Distribution The Kahn-Copithorne Hypothesis: Energy-Rent Sharing and Income Distribution The Energy Crisis, Automation and Free-Trade Automation, Off-Shore Production and the Future The Macreconomic Consequences of Automation and Off-Shore Production Conclusions Bibliography Index
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