Energy, Complexity and Wealth Maximization (eBook, PDF)
Robert Ayres
eBook, PDF

Energy, Complexity and Wealth Maximization (eBook, PDF)

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This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary "progress". For the modern economy, natural wealth consists of complex physical structures of condensed ("frozen") energy - mass - maintained in the earth's crust far from thermodynamic equilibrium. However, we usually perceive wealth as created when mutation or "invention" - a change agent - introduces something different, and fitter, and usually after some part of the natural wealth of the planet has been exploited in an episode of "creative destruction". Selection out of the resulting diversity...

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