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Book Cover
E-book
Author Foxon, Timothy J

Title Energy and Economic Growth Why we need a new pathway to prosperity
Published Milton : Taylor & Francis, 2017

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Description 1 online resource (203 p.)
Contents Cover; Half Title; Title Page; Copyright Page; Dedication; Table of Contents; List of illustrations; Preface and acknowledgements; PART I: Key issues; 1. Introduction â#x80;#x93; Challenges of climate change and economic growth; Global challenges; Understanding energy and economic growth; Dependence of economies on ecological systems; Evolution of economic systems; Structure of the book; Notes; 2. What is energy and why is it important for the economy?; What is energy?; How do we use energy?; Units of energy; Comparing energy sources and uses; Carbon emissions; Global economic development
Global inequalityImpacts of inequality; Declining net energy returns; Next steps; Notes; 3. Assessing the role of energy in long-term industrial change; Introduction; Ecological dependence of the economy; Systems of production and consumption; The Entropy Law and the Economic Process; Energy as an input to economic systems; Creative destruction; The role of institutions; Technological revolutions; Coevolutionary approaches; Other related approaches; Fourth industrial revolution; Notes; PART II: Long waves of energy-industrial change; 4. Energy use in pre-industrial societies; Introduction
From hunter-gatherers to agriculturalistsCoevolutionary perspective; Social innovation in agricultural societies; Tragedy of the commons; Sustainability of agricultural societies; Ongoing agrarianâ#x80;#x93;industrial transformation; Notes; 5. The first industrial revolution â#x80;#x93; water and steam power; Introduction; Why in Britain?; The first surge â#x80;#x93; cotton production; The first surge â#x80;#x93; iron production; The first surge â#x80;#x93; canal mania; New ways of working â#x80;#x93; rise of factory-based production; Structural crisis of adjustment; The second surge; the steam engine
The second surge â#x80;#x93; the steam-powered railwayThe second surge â#x80;#x93; positive feedbacks and complementarities; The role of railroads in the United States; Structural crisis of adjustment; New ways of working and a new energy basis; Costs of energy expansion; Notes; 6. Electrification and the rise of oil; Introduction; A new global surge; The third surge â#x80;#x93; electrification; The third surge â#x80;#x93; steel industry; Expansion of coal use; International trade and leadership; War and revolution; The fourth surge â#x80;#x93; automobile industry and mass production; Cheap oil in the fourth surge
Haberâ#x80;#x93;Bosch processGreat Depression; Deployment of the fourth surge; Notes; 7. Rise of the consumer society and the ICT revolution; Introduction; The rise of mass consumption; The role of the state; Spread of deployment to other industrialised countries; International economic management; End of deployment phase; Oil price shocks; The role of oil in the economy; A new international financial system; A new neoliberal economic orthodoxy; Installation phase of the fifth surge; Dot-com bubble; Financial crisis of 2008 and its aftermath; Next steps for the global economy; Notes
Summary Access to new sources of energy and their efficient conversion to provide useful work have been key drivers of economic growth since the industrial revolution. Western countries now need to transform their energy systems and move away from the single-minded pursuit of economic growth in order to reduce our carbon emissions, and to allow the environmental space for other countries to develop in a more sustainable way. Achieving this requires understanding of the dynamics of economic and industrial change with appreciation of the dependence of economies on ecological systems. Energy and Economic
Notes Description based upon print version of record
PART III: Implications for economic development
Subject Economic development -- Environmental aspects.
Sustainable development.
sustainable development.
Economic development -- Environmental aspects
Sustainable development
Form Electronic book
ISBN 9781317210200
1317210204
9781317210207