The Possibilities for sustainability in the energy sector of the economic systems when the law of entropy makes its appearance
Part of : Αρχείον οικονομικής ιστορίας ; Vol.XXV, No.2, 2013, pages 61-78
Issue:
Pages:
61-78
Abstract:
The present study aims at approaching two important questions directly connected with the meaning of sustainability. Both occupy a great deal the Science of Economics and, in many a case, they have constituted the subject of intense conflicts between economists and, more specifically, between the advocates of neoclassical economics and those championing ecological economics. Those questions have to do with whether economic activity (a) is liable to constraints; and whether (b) it can exist without environmental degradation. The theoretical identity of the approaches for that kind of issues is defined by whether the two laws of thermodynamics have or have not been taken into account during the economic analysis applied.
Subject:
Subject (LC):
Keywords:
Sustainable Development, Entropy, Non Fossil Fuels, Exhaustible Resources
Notes:
JEL Classification: Q01, Q32, Q50, Q57
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