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Entropy Production And Technological Progress
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Book Synopsis Entropy Production and Technological Progress by : Edgar Parker
Download or read book Entropy Production and Technological Progress written by Edgar Parker and published by . This book was released on 2017 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: All economic and financial activity involves the communication of information across space and time. Additionally, communicated and processed information is the only universal fundamental input to all economic and financial production and exchange. Well established laws from physics and information theory determine the evolution of entropy, the limits on information communication and processing, and the growth of additional uncertainty or entropy as those limits are exceeded. Apparent anomalies such as non-constant implied volatilities across strikes and terms to expiration, and the complete structure of the yield curve arise intuitively when information theory is applied to economics and finance. In fact the current methods used by practitioners to model the volatility surface and the yield curve can be viewed as approximations of the richer structures revealed by information theory.
Book Synopsis The Second Law of Economics by : Reiner Kümmel
Download or read book The Second Law of Economics written by Reiner Kümmel and published by Springer Science & Business Media. This book was released on 2011-06-24 with total page 309 pages. Available in PDF, EPUB and Kindle. Book excerpt: Nothing happens in the world without energy conversion and entropy production. These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution? Does economics conform to the First and the Second Law of Thermodynamics? In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution. Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the productive power of energy far outweighs its small share of costs, while for labor just the opposite is true. Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production. These facts constitute the Second Law of Economics. They take on unprecedented importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change. They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome. By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws. The critical role of energy and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.
Book Synopsis The Second Law of Life by : John E.J. Schmitz
Download or read book The Second Law of Life written by John E.J. Schmitz and published by Elsevier. This book was released on 2007-01-22 with total page 229 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this compelling, and important book, John Schmitz brings order to the world of chaos that surrounds us. The Second Law of Life refers to the second law of thermodynamics, entropy, which is an omnipresent force that quietly and crucially determines every aspect of our society, culture and daily lives. Unless we come to understand entropy, future generations will face consequences of the unstoppable laws of physics.Entropy explains the amount of energy no longer capable of doing work; in other words, wasted energy or heat loss. Each moment of every day, we lose irreplaceable energy and ômodernö technology is not helping. In fact, it is accelerating the problem at a catastrophic rate. û And we will ultimately face a heat death crisis and utter destruction of the Earth. Even actions we take to improve the environment may actually do more damage than good. For example, recycling is considered environmentally, socially and politically correct. Under the influence of entropy, however, it is a prolific waster of energy; we must look at entire systems, not just parts.It is critical that we find ways to reduce energy loss. Seeing the problems with greater clarity will lead to solutions. This fascinating and accessible journey through the second law of thermodynamics is a step in the right direction.
Book Synopsis Beyond the Second Law by : Roderick C. Dewar
Download or read book Beyond the Second Law written by Roderick C. Dewar and published by Springer. This book was released on 2013-12-02 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt: The Second Law, a cornerstone of thermodynamics, governs the average direction of dissipative, non-equilibrium processes. But it says nothing about their actual rates or the probability of fluctuations about the average. This interdisciplinary book, written and peer-reviewed by international experts, presents recent advances in the search for new non-equilibrium principles beyond the Second Law, and their applications to a wide range of systems across physics, chemistry and biology. Beyond The Second Law brings together traditionally isolated areas of non-equilibrium research and highlights potentially fruitful connections between them, with entropy production playing the unifying role. Key theoretical concepts include the Maximum Entropy Production principle, the Fluctuation Theorem, and the Maximum Entropy method of statistical inference. Applications of these principles are illustrated in such diverse fields as climatology, cosmology, crystal growth morphology, Earth system science, environmental physics, evolutionary biology and technology, fluid turbulence, microbial biogeochemistry, plasma physics, and radiative transport, using a wide variety of analytical and experimental techniques. Beyond The Second Law will appeal to students and researchers wishing to gain an understanding of entropy production and its central place in the science of non-equilibrium systems – both in detail and in terms of the bigger picture.
Book Synopsis Green Economy Reader by : Stanislav Shmelev
Download or read book Green Economy Reader written by Stanislav Shmelev and published by Springer. This book was released on 2016-09-22 with total page 473 pages. Available in PDF, EPUB and Kindle. Book excerpt: State of the art in sustainability thinking, inspired by interdisciplinary ideas of ecological economics. This book is focusing on sustainability pathways, new economic theory, democracy and institutions, multidimensional assessment of sustainability, macroeconomic modelling and policies, climate change and renewable energy, resource flows and circular economy, regenerative cities, environmental conflicts and values. It will be helpful for MSc and PhD students in Economics, Management, Environmental Change, Ecological Economics, Development Economics, Sustainability and practitioners in business, international and nongovernmental organizations. Rich, diverse and thought provoking collection of top level contributions, it will help to facilitate the transition towards sustainability and educational reform. A fabulous composition of papers by the authors who really count! Ernst von Weizsäcker, The Club of Rome The authors present a refreshing perspective on the possibilities of human progress in harmony with nature, without the need for economic growth to secure long term human welfare and wise use of nature's services. Extremely relevant. Peter May, Past President, International Society for Ecological Economics and Professor, UFRRJ, Rio de Janeiro, Brazil The book goes well beyond the Green Economy, offering arguments and blueprints for a complete makeover of the current economic system. With multi- and interdisciplinary contributions ranging from moderately to fundamentally critical of current economics, it raises fundamental questions of value and power, draws on a wide range of theories, opens the eyes for the historical processes that brought about the current crises and demonstrates the value of ecological, but also classical economic thinking to their solution. If better politics require better theories, this is a must read for academics and decision makers in the time of climate crisis. Joachim Spangenberg, Sustainable Europe Research Institute, SERI Germany e.V.
Book Synopsis Entropy and Entropy Generation by : J.S. Shiner
Download or read book Entropy and Entropy Generation written by J.S. Shiner and published by Springer Science & Business Media. This book was released on 2005-11-30 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: Entropy and entropy generation play essential roles in our understanding of many diverse phenomena ranging from cosmology to biology. Their importance is manifest in areas of immediate practical interest such as the provision of global energy as well as in others of a more fundamental flavour such as the source of order and complexity in nature. They also form the basis of most modern formulations of both equilibrium and nonequilibrium thermodynamics. Today much progress is being made in our understanding of entropy and entropy generation in both fundamental aspects and application to concrete problems. The purpose of this volume is to present some of these recent and important results in a manner that not only appeals to the entropy specialist but also makes them accessible to the nonspecialist looking for an overview of the field. This book contains fourteen contributions by leading scientists in their fields. The content covers such topics as quantum thermodynamics, nonlinear processes, gravitational and irreversible thermodynamics, the thermodynamics of Taylor dispersion, higher order transport, the mesoscopic theory of liquid crystals, simulated annealing, information and biological aspects, global energy, photovoltaics, heat and mass transport and nonlinear electrochemical systems. Audience: This work will be of value to physicists, chemists, biologists and engineers interested in the theory and applications of entropy and its generation.
Book Synopsis Physics of Self-Organization and Evolution by : Werner Ebeling
Download or read book Physics of Self-Organization and Evolution written by Werner Ebeling and published by John Wiley & Sons. This book was released on 2011-09-19 with total page 535 pages. Available in PDF, EPUB and Kindle. Book excerpt: This thoroughly updated version of the German authoritative work on self-organization has been completely rewritten by internationally renowned experts and experienced book authors to also include a review of more recent literature. It retains the original enthusiasm and fascination surrounding thermodynamic systems far from equilibrium, synergetics, and the origin of life, representing an easily readable book and tutorial on this exciting field. The book is unique in covering in detail the experimental and theoretical fundamentals of self-organizing systems as well as such selected features as random processes, structural networks and multistable systems, while focusing on the physical and theoretical modeling of natural selection and evolution processes. The authors take examples from physics, chemistry, biology and social systems, and include results hitherto unpublished in English. The result is a one-stop resource relevant for students and scientists in physics or related interdisciplinary fields, including mathematical physics, biophysics, information science and nanotechnology.
Book Synopsis Mother Nature's Two Laws by : A. D. Kirwan
Download or read book Mother Nature's Two Laws written by A. D. Kirwan and published by World Scientific. This book was released on 2000 with total page 206 pages. Available in PDF, EPUB and Kindle. Book excerpt: Every day brings a fresh barrage of bewildering claims about science and technology. How non-scientists tell the difference between the hyperbole and those developments that are important? With a modest amount of critical thinking, an understanding of how science is practiced, and a qualitative understanding of the two most sacred principles in science - the first and second laws of thermodynamics - anyone can make the distinction. Critical thinking and the practice of science are not emphasized in undergraduate science courses for non-scientists, while exposure to the first and second laws is usually reserved for physical science and engineering majors. This book introduces non-scientists to these topics and provides detailed applications to a variety of topics.
Book Synopsis The Economic Growth Engine by : Robert U. Ayres
Download or read book The Economic Growth Engine written by Robert U. Ayres and published by Edward Elgar Publishing. This book was released on 2010-01-01 with total page 435 pages. Available in PDF, EPUB and Kindle. Book excerpt: It gives me great pleasure to review this important book. I recommend it highly to any physicist with an interest or curiosity about this economy thing within which we operate. . . There is no excuse not to get this invaluable volume onto your bookshelf. Simon Roberts, Institute of Physics Energy Group This book addresses a very important topic, namely economic growth analysis from the angle of energy and material flows. The treatment is well balanced in terms of research and interpretation of the broader literature. The book not only contains a variety of empirical indicators, statistical analyses and insights, but also offers an unusually complete and pluralistic view on theorizing about economic growth and technological change. This results in a number of refreshing perspectives on known ideas and literatures. The text is so attractively written that I found it very difficult to stop reading. All in all, this is a very original and important contribution to the everlasting debate on growth versus environment. Jeroen C.J.M. van den Bergh, University of Barcelona, Spain and Free University, Amsterdam, The Netherlands Would you want your great-grandchildren in 2100AD to have a 22nd-century industrial economy? If so, read this book to grasp how strongly wealth depends on energy and its efficient use. Start treating fossil energy not as continuing income, but as one-time energy capital to spend on efficiency and long-term sustainable energy production. Otherwise, your descendants will inherit a broken 20th-century economy that only worked with cheap fossil fuels. They will not be rich and they will wonder what their ancestors were thinking. John R. Mashey, PhD, former Chief Scientist, Silicon Graphics Current economic theory attributes most income growth to technical progress. However, since technical progress can neither be defined nor measured, no one really knows what policies will encourage income growth. Ayres and Warr show that access to useful work, which can be defined and measured, explain the bulk of post-1900 income changes in Japan, Britain and the USA. They see rising real prices for fossil fuel and stagnating efficiencies of converting raw energy into useful work as a threat to continued income growth. This brilliant and original work has profound policy implications for future income growth without significant improvements in energy conversion efficiency. Thomas Casten, Chairman, Recycled Energy Development LLC Following the up-and-down energy shock of 2008, Ayres and Warr offer a unique analysis critical to our economic future. They argue that useful work produced by energy and energy services is far more important to overall GDP growth than conventional economic theory assumes. Their new theory, based on extensive empirical and theoretical analysis, has important implications for economists, businessmen and policymakers for anybody concerned with our economic future. Ayres and Warr argue persuasively that economic growth is not only endogenous but has been driven for the past two centuries largely by the declining effective cost of energy. If their new theory is correct, the inevitable future rise of the real cost of energy (beyond the $147 oil price peak in July 2008), could halt economic growth in the US and other advanced countries unless we dramatically improve energy with technology. J. Paul Horne, independent international market economist The historic link between output (GDP) growth and employment has weakened. Since there is no quantitively verifiable economic theory to explain past growth, this unique book explores the fundamental relationship between thermodynamics (physical work) and economics. The authors take a realistic approach to explaining the relationship between technological progress, thermodynamic efficiency and economic growth. Their findings are a step toward the integration of neo-classical and evolutionary perspectives on endogenous economic growth, concluding in a fundam
Book Synopsis Econodynamics by : Vladimir N. Pokrovskii
Download or read book Econodynamics written by Vladimir N. Pokrovskii and published by Springer Science & Business Media. This book was released on 2011-10-01 with total page 203 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this book the theory of social production is systematically formulated in terms and concepts of classical political economy and neo-classical economics. In this way the subject becomes accessible not only to professional researchers in areas of the theory of production and economic growth, but also to the educated reader who is curious about the principles behind the functioning of a national economy. The book can be considered as an introduction for students with a background in physics, chemistry and engineering, who wish to specialize in economics. It is explained how the growth of production is connected with achievements in technological consumption of labour and energy. The theory allows one to analyse the past and the present of the social production system and to build scripts of the future progress. The book could be interesting for energy specialists who are engaged in planning and analysing production and consumption of energy carriers and determining energy policy, and for economists who want to know how energy and technology are affecting economic growth.
Book Synopsis Recent Advances in Energy Technologies by : N. Lakshmi Narasimhan
Download or read book Recent Advances in Energy Technologies written by N. Lakshmi Narasimhan and published by Springer Nature. This book was released on 2022-09-29 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the select proceedings of the first International Conference on Energy and Materials Technologies (ICEMT) 2021, organized by the Department of Mechanical Engineering, Sri Sivasubramaniya Nadar College of Engineering, Kalavakkam, India. It covers the recent technologies in two broad thematic areas: energy and materials. Various topics covered in this book include hybrid energy, advanced energy systems, energy management, energy policy, geothermal, nuclear energy, bio-energy, waste to energy, power plants, and automotives. The book will be useful for students, researchers, and professionals in the area of mechanical engineering, especially various domains of energy.
Book Synopsis Microdynamics of Technological Change by : Cristiano Antonelli
Download or read book Microdynamics of Technological Change written by Cristiano Antonelli and published by Routledge. This book was released on 2002-01-04 with total page 304 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume presents a comprehensive assessment of the economic effects of the emerging information and communication technologies associated with a knowledge-based economy, and looks at how knowledge is increasingly treated as a product in its own right. An original framework is developed to comprehend these fundamental shifts, based on three bodies of knowledge: * the economics of path dependence and of historical time as they are elaborated in the economics of new technologies * economic topology based on the methodology of network analysis * the new economics of knowledge and the concept of localized technological change This book provides a unified analytical framework for the study of the transition of advanced economic systems towards a knowledge-based economy.
Book Synopsis The Economics of Energy and the Production Process by : Guido Buenstorf
Download or read book The Economics of Energy and the Production Process written by Guido Buenstorf and published by Edward Elgar Publishing. This book was released on 2004-03-25 with total page 222 pages. Available in PDF, EPUB and Kindle. Book excerpt: 'Guido Buenstorf's book is a splendid attempt to break new ground in the theory of production. Turning away from the ever more abstract - and theoretically empty - production function approach, he shows how changing physical constraints in the utilisation of energy systematically affect production processes in the economy. With his analysis the author challenges the value based approach to production. He outlines the contours of a richer theory, which is capable of accounting for physical and technological aspects without losing sight of their economic implications.' - Ulrich Witt, Max Planck Institute for Research into Economic Systems, Germany 'This book makes a fundamental contribution to economics, in that it deals with production theory from a perspective that integrates economics with engineering and science. It represents a far more realistic interpretation than the standard neoclassical approach and will act as a stimulus for further research in this area.' - Robert U. Ayres, INSEAD, France The economics of energy has been a contested issue over the past century. Although it has not figured prominently in mainstream economics, numerous alternative proposals have called for energy to play a more central role in economic theory. In this highly original and enlightening volume, Guido Buenstorf develops a new conceptual approach to the economics of energy which originates from recent advances in evolutionary economics.
Author :Mahabub Hossain, David Lewis, Manik L. Bose, and Alamgir Chowdhury Publisher :Intl Food Policy Res Inst ISBN 13 : Total Pages :80 pages Book Rating :4./5 ( download)
Book Synopsis Rice Research, Technological Progress, and Impacts on the Poor: The Bangladesh Case (Summary Report) by : Mahabub Hossain, David Lewis, Manik L. Bose, and Alamgir Chowdhury
Download or read book Rice Research, Technological Progress, and Impacts on the Poor: The Bangladesh Case (Summary Report) written by Mahabub Hossain, David Lewis, Manik L. Bose, and Alamgir Chowdhury and published by Intl Food Policy Res Inst. This book was released on with total page 80 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Diffusive Spreading in Nature, Technology and Society by : Armin Bunde
Download or read book Diffusive Spreading in Nature, Technology and Society written by Armin Bunde and published by Springer Nature. This book was released on 2023-05-08 with total page 520 pages. Available in PDF, EPUB and Kindle. Book excerpt: What do the movements of molecules and the migration of humans have in common? How does the functionality of our brain tissue resemble the flow of traffic in New York City? How can understanding the spread of ideas, rumors, and languages help us tackle the spread a pandemic? This book provides an illuminating look into these seemingly disparate topics by exploring and expertly communicating the fundamental laws that govern the spreading and diffusion of objects. A collection of leading scientists in disciplines as diverse as epidemiology, linguistics, mathematics, and physics discuss various spreading phenomena relevant to their own fields, revealing astonishing similarities and correlations between the objects of study—be they people, particles, or pandemics. This updated and expanded second edition of an award-winning book introduces timely coverage of a subject with the greatest societal impact in recent memory—the global fight against COVID-19. Winner of the 2019 Literature Prize of the German Chemical Industry Fund and brainchild of the international and long-running Diffusion Fundamentals conference series, this book targets an interdisciplinary readership, featuring an introductory chapter that sets the stage for the topics discussed throughout. Each chapter provides ample opportunity to whet the appetite of those readers seeking a more in-depth treatment, making the book also useful as supplementary reading in appropriate courses dealing with complex systems, mass transfer, and network theory.
Book Synopsis Entropy Principle for the Development of Complex Biotic Systems by : Ichiro Aoki
Download or read book Entropy Principle for the Development of Complex Biotic Systems written by Ichiro Aoki and published by Elsevier. This book was released on 2012-01-25 with total page 123 pages. Available in PDF, EPUB and Kindle. Book excerpt: The concept of entropy in thermodynamics is a complex one, though it is fundamental in understanding physics, the workings of the mind, and biology. Entropy is the measure of the quality of energy, and it can also refer to the turn from order to disorder or randomness in isolated systems. In open systems, such as biology, entropy is formulated in terms of production and energy flow. This book establishes a novel view of complex biological systems and the earth using this concept of entropy, encompassing the interdisciplinary area of biology, ecology and physics. This book considers the development over time of a range of biologically complex systems such as plants, animals, humans, and ecosystems, describing them in terms of the second law of thermodynamics, entropy. With its broad coverage of biological systems, this book will be useful for students of environmental science as well as students in biology and physics. Includes discussion of multiple complex systems including the earth and biological systems within it. Suitable for those with little physics background who wish to learn how the laws of physics apply to ecological systems. Clearly organized by system, making information easy to access.
Book Synopsis The Diminishing Returns of Technology by : Orio Giarini
Download or read book The Diminishing Returns of Technology written by Orio Giarini and published by Pergamon. This book was released on 1978 with total page 140 pages. Available in PDF, EPUB and Kindle. Book excerpt: Monograph on the internal limits and trends of economic growth deriving from the diminishing investment returns of technology - following an outline of historical links between economic growth and technological change (esp. In times of economic recession), examines the production function and other aspects of economic theory (incl. Productivity and efficiency) regarding innovations in technology, and includes considerations on the future of postindustrial society. Bibliography after each chapter, diagrams, graphs and statistical tables.
