Compare Prices | Create Shopping Lists with Price Drop Alerts | Set Coupons, Promo Codes & Sales Alerts | Get Access to Exclusive Deals and Much More... All in One Place | Read all about it here

The Unity of Science and Economics

The Unity of Science and Economics

Brand
Springer Nature
Manufacturer
N/A
Part Number
0
GTIN
9781493934669
Condition
New
Product Description

This book presents a new economic theory developed from physical and biological principles. It explains how technology, social systems and economic values are intimately related to resources. Many people have recognized that mainstream (neoclassical) economic theories are not consistent with physical laws and often not consistent with empirical patterns, but most feel that economic activities are too complex to be described by a simple and coherent mathematical theory. While social systems are indeed complex, all life systems, including social systems, satisfy two principles. First, all systems need to extract resources from the external environment to compensate for their consumption. Second, for a system to be viable, the amount of resource extraction has to be no less than the level of consumption. From these two principles, we derive a quantitative theory of major factors in economic activities, such as fixed cost, variable cost, discount rate, uncertainty and duration. The mathematical theory enables us to systematically measure the effectiveness of different policies and institutional structures at varying levels of resource abundance and cost. The theory presented in this book shows that there do not exist universally optimal policies or institutional structures. Instead, the impacts of different policies or social structures have to be measured within the context of existing levels of resource abundance. As the physical costs of extracting resources rise steadily, many policy assumptions adopted in mainstream economic theories, and workable in times of cheap and abundant energy supplies and other resources, need to be reconsidered. In this rapidly changing world, the theory presented here provides a solid foundation for examining the long-term impacts of today's policy decisions.

Available Colors
Available Sizes
1 Offer Price Range: $59.99 - $59.99
BEST PRICE

Single Product Purchase

$54.00
@ Link.springer.com with extra coupon Get Coupon & BUY

Price Comparison

Seller Contact Seller List Price On Sale Shipping Best Promo Final Price Volume Discount Financing Availability Seller's Page
BEST PRICE
1 Product Purchase
@ Link.springer.com
Contact Store Call Store Contact Support
$59.99 $59.99

10% OFF
This deals requires coupon Get Code Here
$54.00
See Site In stock Visit Store

Similar Products

Design and Manufacturing of Active Microsystems

$129.00

Challenges in Mechanics of Time Dependent Materials, Mechanics of Biological Systems and Materials &

$249.99

The SAGES Manual of Groin Pain

$129.99

Rho GTPases

$169.99

Situative Karten

$59.99

PAUL HALMOS Celebrating 50 Years of Mathematics

$109.99

Systems Biology of Tumor Dormancy

$129.00

Wild Ride

$5.99

Das Deutsche Beamtengesetz (DBG)

$59.99

Katzenklon, Katzenklon

$24.99

N-Acetylaspartate

$169.00

Metallic Microlattice Structures

$54.99

Microwaves, Millimeter Wave and Terahertz Liquid Crystals

$179.99

Gewalt in huslichen Beziehungen

$49.99

Data Mining in Structural Biology

$84.99

Fuzzy Approaches for Soft Computing and Approximate Reasoning: Theories and Applications

$109.99

Transactions on Large-Scale Data- and Knowledge-Centered Systems XXXIX

$54.99

Agile Processes in Software Engineering and Extreme Programming

$49.99

Epistolarity and World Literature, 1980-2010

$99.99

Mind-Body

$54.99

Noise Theory and Application to Physics

$54.99

Mathematics as a Tool

$99.00

Transnational Common Goods

$54.99

Diagnosis and Management of Craniopharyngiomas

$54.99

Phytosequestration

$39.99

Grundlagen der Bruchmechanik

$79.99

Cosmic Chemistry

$119.00

Equity Financing and Covenants in Venture Capital

$39.99

The Letters of Wilkie Collins, Volume 1

$199.99

Lehrbuch Orthopdie

$37.99

Globalisierung und Vergangenheitsbearbeitung

$39.99

Women's Rights and Human Rights

$109.99

Management of Technology and Innovation in Japan

$54.99

Computational Methods in Economic Dynamics

$84.99

Euglena: Biochemistry, Cell and Molecular Biology

$219.99

Die Innovationskraft von touristischen Familienunternehmen

$49.99

Advances in Cryptology EUROCRYPT 2017

$99.99

Continental Drift, Secular Motion of the Pole, and Rotation of the Earth

$54.99

Same God, Other god

$84.99

The Link Between Inflammation and Cancer

$89.00