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Post-scarcity economy

Post-scarcity economy
This would require a sophisticated system of resource recycling, in conjunction with advanced productive technology that enables conditions of material abundance, such as automated systems capable of converting raw materials into finished goods[not verified in body], which in turn enable the free distribution[2] of most or all economic output and the common ownership of the means of production used therefor. The scarcity model[edit] Scarcity is the fundamental economic assumption of having seemingly unlimited human needs and wants in a world of limited resources. Society has insufficient productive resources to fulfill all human wants and needs. Alternatively, scarcity implies that not all of society's goals can be pursued at the same time; trade-offs are made of one good against others. As such, the term "post-scarcity economics" may be somewhat paradoxical. However, in classical Marxian economics, scarcity is said to be peripheral. Post-scarcity economics[edit] Means[edit] Effects[edit]

Ecodynamics See also[edit] External links[edit] M. King Hubbert on the Nature of Growth. Testimony to Hearing on the National Energy Conservation Policy Act of 1974, Subcommittee on the Environment of the committee on Interior and Insular Affairs House of Representatives, June 6, 1974.Herman E. References[edit] Jump up ^ M. Kinetic exchange models of markets Kinetic exchange models are multi-agent dynamic models inspired by the statistical physics of energy distribution, which try to explain the robust and universal features of income/wealth distributions. Understanding the distributions of income and wealth in an economy has been a classic problem in economics for more than a hundred years. Today it is one of the main branches of Econophysics. Data and Basic tools[edit] In 1897, Vilfredo Pareto first found a universal feature in the distribution of wealth. Basic tools used in this type of modelling are probabilistic and statistical methods mostly taken from the kinetic theory of statistical physics. Overview of the models[edit] In the context of kinetic theory of gases, such an exchange model was first investigated by A. Criticisms[edit] See also[edit] References[edit] Jump up ^ Chatterjee, A.; Yarlagadda, S.; Chakrabarti, B.K. (2005). Further reading[edit] Brian Hayes, Follow the money, American Scientist, 90:400-405 (Sept.

List of energy storage projects This is a list of energy storage projects worldwide. Many individual energy storage projects augment electrical grids by capturing excess electrical energy during periods of low demand and storing it in other forms until needed on an electrical grid. The energy is later converted back to its electrical form and returned to the grid as needed. Another energy storage method is the consumption of surplus or low-cost energy (typically during night time) for conversion into resources such as hot water, cool water or ice, which is then used for heating or cooling at other times when electricity is in higher demand and at greater cost per kilowatt hour (KWh). Such thermal energy storage is often employed at end-user sites such as large buildings, and also as part of district heating, thus 'shifting' energy consumption to other times for better balancing of supply and demand. System types[edit] Common forms[edit] Gravitational potential energy storage[edit] Projects and sites[edit] Listing[edit]

Heterodox economics Heterodox economics family tree. Heterodox economics refers to methodologies or schools of economic thought that are considered outside of "mainstream economics", often represented by expositors as contrasting with or going beyond neoclassical economics.[1][2] "Heterodox economics" is an umbrella term used to cover various approaches, schools, or traditions. These include socialist, Marxian, institutional, evolutionary, Georgist, Austrian, feminist,[3] social, post-Keynesian (not to be confused with New Keynesian),[2] and ecological economics among others.[4] In the JEL classification codes developed by the Journal of Economic Literature, heterodox economics is in the second of the 19 primary categories at: JEL: B - History of Economic Thought, Methodology, and Heterodox Approaches. One study suggests four key factors as important to the study of economics by self-identified heterodox economists: history, natural systems, uncertainty, and power.[9] History[edit] See also[edit] Articles[edit]

Thermoeconomics Thermoeconomics, also referred to as biophysical economics, is a school of heterodox economics that applies the laws of thermodynamics to economic theory.[1] The term "thermoeconomics" was coined in 1962 by American engineer Myron Tribus,[2][3][4] Thermoeconomics can be thought of as the statistical physics of economic value.[5] Basis[edit] Thermoeconomics is based on the proposition that the role of energy in biological evolution should be defined and understood through the second law of thermodynamics but in terms of such economic criteria as productivity, efficiency, and especially the costs and benefits (or profitability) of the various mechanisms for capturing and utilizing available energy to build biomass and do work.[6][7] Thermodynamics[edit] Thermoeconomists maintain that human economic systems can be modeled as thermodynamic systems. Economic systems[edit] See also[edit] References[edit] ^ Jump up to: a b Sieniutycz, Stanislaw; Salamon, Peter (1990). Further reading[edit]

Energy accounting Energy accounting is a system used to measure, analyze and report the energy consumption of different activities on a regular basis.[1] It is done to improve energy efficiency.[2] Energy management[edit] Energy accounting is a system used in energy management systems where measuring and analyzing energy consumption is done to improve energy efficiency within an organization.[3] Organisations such as Intel corporation use these systems to tack their energy usage.[4] Various energy transformations are possible. An energy balance can be used to track energy through a system. This becomes a useful tool for determining resource use and environmental impacts. Energy balance[edit] Energy return on investment (EROEI) is the ratio of energy delivered by an energy technology to the energy invested to set the technology up. See also[edit] References[edit] External links[edit] Accounting: Facility Energy Use

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