Ecological economics
Videos
Ecological economics, bioeconomics, ecolonomy, eco-economics, or ecol-econ is both a transdisciplinary and an interdisciplinary field of academic research addressing the interdependence and coevolutio
Conceptual diagram illustrating the idea that the marginal costs of economic growth could surpass its marginal benefits.
Exergy analysis can be performed to find connections between economic value and the physical world. Here the costs of heating (vertical axis) are compared with the exergy content of different energy carriers (horizontal axis). Red dots and trend line indicate energy prices for consumers, blue dots and trend line indicate total price for consumers including capital expenditure for the heating system. Energy carriers included are district heating (D), ground-source heat pump (G), exhaust air heat pump (A), bioenergy meaning firewood (B), heating oil (O) and direct electric heating (E).
The Blue Marble, AS17 148 22727
Thermoeconomics
Videos
Thermoeconomics, also referred to as bioeconomics or biophysical economics, is a school of heterodox economics that applies the laws of thermodynamics to economic theory. Thermoeconomics applies stati
Ecological economics
…This concept encourages a shift from growth-centric models to approaches that prioritise sustainable and meaningful expenditures of excess resources. 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…
Current US/Global Oil/Energy situation. The Y-axis is the production (and availability) of fossil fuels.