Energy and the Wealth of Nations
Book description
In this updated edition of a groundbreaking text, concepts such as energy return on investment (EROI) provide powerful insights into the real balance sheets that drive our "petroleum economy." Hall and Klitgaard explore the relation between energy and the wealth explosion of the 20th century, and the interaction of internal…
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Why read it?
1 author picked Energy and the Wealth of Nations as one of their favorite books. Why do they recommend it?
This book should have launched debates and discussions about how our economies are not closed-loop perpetual motion machines with no input other than ideas and technology, but instead machines ultimately powered by access to excess energy.
Charles Hall developed the concept of energy return on investment (EROI – how much energy it costs to get some amount of energy back. Alongside Valclav Smil’s many books, this is a must read.
From Michael's list on changing how you see the world.
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