It is increasingly evident that the conventional scientific approach to economic processes and related sustainability issues is seriously flawed. No economist predicted the current planetary crisis even though the world has now undergone five severe recessions primed by dramatic increases in the price of oil. This book presents the results of more than twenty years of work aimed at developing an alternative method of analysis of the economic process and related sustainability issues: it is possible to perform an integrated and comprehensive analysis of the sustainability of socio-economic systems using indicators and variables that have been so far ignored by conventional economists.

The book 's innovative approach aims to provide a better framework with which we can face the predicaments of sustainability issues. It begins by presenting practical examples of the shortcomings of conventional economic analysis and examines the systemic problems faced when trying to use quantitative analysis for governance. In providing a critical appraisal of current applications of economic narratives to the issue of sustainability, the book presents several innovative concepts required to generate a post-Newtonian approach to quantitative analysis in the Musiasem approach. An empirical section illustrates the results of an analysis of structural changes in world and EU countries. Finally, the book, using the insight gained in the theoretical and empirical analysis, exposes the dubious quality of many narratives currently used in the sustainability debate.

Overall, the performance of modern economies across different hierarchical levels of organization and across different disciplinary knowledge systems is fully analyzed and a more realistic measure of happiness and well-being is devised. The book should be of interest to researchers and students looking at the issue of sustainability within a variety of disciplines.

Nicholas Georgescu-Roegen was described by Paul Samuelson as 'an economist's economist'. This book honors him by discussing his theories on a wide range of issues but particularly on environmental and energy economics. It is a dynamic tribute which extends his work to address the problems the human race will face in the 21st century. The book shows how Georgescu-Roegen constructed nothing less than an almost complete theoretical alternative to neoclassical economics. Although best-known for his later work as an environmentalist and his work on energy and material transformation, Georgescu-Roegen also made seminal contributions to the economic theory of utility and production and is considered to be one of the founders of modern mathematical economics. In this book an internationally acclaimed group of contributors including Joan Martinez-Alier, William H. Miernyk, Herman Daly and Cutler Cleveland present discussions on environmental and energy economics as well as mathematical economics, economic development and peasant economies, and bioeconomics. This book serves as an excellent all-inclusive introduction to the work of one of the great economists of the 20th century. This celebration of the contributions made by Georgescu-Roegen will be of interest to environmental and natural resource economists, as well as social and economic theorists. With a dedication by Wassily Leontief and a foreword by Paul Samuelson.

'The Jevons Paradox', which was first expressed in 1865 by William Stanley Jevons in relation to use of coal, states that an increase in efficiency in using a resource leads to increased use of that resource rather than to a reduction. This has subsequently been proved to apply not just to fossil fuels, but other resource use scenarios. For example, doubling the efficiency of food production per hectare over the last 50 years (due to the Green Revolution) did not solve the problem of hunger. The increase in efficiency increased production and worsened hunger because of the resulting increase in population. The implications of this in today's world are substantial. Many scientists and policymakers argue that future technological innovations will reduce consumption of resources; the Jevons Paradox explains why this may be a false hope. This is the first book to provide a historical overview of the Jevons Paradox, provide evidence for its existence and apply it to complex systems. Written and edited by world experts in the fields of economics, ecological economics, technology and the environment, it explains the myth of efficiency and explores its implications for resource usage (particularly oil). It is a must-read for policymakers, natural resource managers, academics and students concerned with the effects of efficiency on resource use.

The vast majority of the countries of the world are now facing an imminent energy crisis, particularly the USA, China, India, Japan and EU countries, but also developing countries having to boost their economic growth precisely when more powerful economies will prevent them from using the limited supply of fossil energy.

Despite this crisis, current protocols of energy accounting have been developed for dealing with fossil energy exclusively and are therefore not useful for the analysis of alternative energy sources. The first part of the book illustrates the weakness of existing analyses of energy problems: the science of energy was born and developed neglecting the issue of scale. The authors argue that it is necessary to adopt more complex protocols of accounting and analysis in order to generate robust energy scenarios and effective assessments of the quality of alternative energy sources.

The second part of the book introduces the concept of energetic metabolism of modern societies and uses empirical results. The authors present an innovative approach Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) capable of characterizing the quality of alternative energy sources in relation to both environmental constraints and socio-economic requirements. This method allows the metabolic pattern of a society to be described in relation to its feasibility, when looking at biophysical factors, and desirability, when looking at socio-economic factors.
Addressing the issue of scale in energy analysis by cutting through the confusion found in current applications of energy analysis, this book should be of interest to researchers, students and policy makers in energy within a variety of disciplines.

Nicholas Georgescu-Roegen deserves to be called the father of ecological economics. This book connects Georgescu-Roegen's earlier work such as consumer choice theory and a critique of Leontief's dynamic model, with his later ambitious attempt to reformulate the economic process as 'bioeconomics', a theoretical alternative to neoclassical economics.

* Build more roads and congestion goes up, not down; improve engine efficiency and people drive more, increasing (as opposed to decreasing)emissions - these are examples of Jevons' Paradox, and clearly illustrate its importance in modern debates around resource use* From an international team of researchers, this is the first book to tackle the issues head-on - with special focus on the case of oil usage* Will be an essential addition to any economics, energy or resource management departmental bookshelf 'Jevons' Paradox', which was first expressed in 1865 by William Stanley Jevons in relation to use of coal, states that an increase in efficiency in using a resource leads to increased use of that resource rather than to a reduction. This has subsequently been proved to apply not just to fossil fuels, but other resource use scenarios. For example, doubling the efficiency of food production per hectare over the last 50 years (due to the Green Revolution) did not solve the problem of hunger. The increase in efficiency increased production and worsened hunger because of the resulting increase in population. The implications of this in today's world are substantial. Many scientists and policy makers argue that future technological innovations will reduce consumption of resources; Jevons' Paradox explains why this may be a false hope.This is the first book to provide a historical overview of Jevons' Paradox, provide evidence for its existence and apply it to complex systems. Written and edited by world experts in the fields of economics, technology and the environment, it explains the myth of efficiency and explores its implications for resource usage (particularly oil). It is a must read forpolicy makers, natural resource managers, academics and students concerned with the effects of efficiency on resource use.

...the writing is solid, and there is no doubt that the book sheds considerable light on the development and implications of Georgescu-Roegen's illustrious career. These characteristics are certainly good reasons for readers to engage with this text - Land Economics, Richard B. Howarth, Dartmouth College

'Mayumi shows himself to be a master of the subject, and well ahead of most of his contemporaries in both the breadth and the deapth of his treatment. The book should be in every university library and be essential reading for researchers.' - Ecological Economics, John Peet, University of Canterbury

'Georgescu-Roegen would be proud to have someone as capable as Mayumi take up the reins of his work.' - Michael Perelman, Research History of Economic Thought and Methodology

The Jevons Paradox', which was first expressed in 1865 by William Stanley Jevons in relation to use of coal, states that an increase in efficiency in using a resource leads to increased use of that resource rather than to a reduction. This has subsequently been proved to apply not just to fossil fuels, but other resource use scenarios. For example, doubling the efficiency of food production per hectare over the last 50 years (due to the Green Revolution) did not solve the problem of hunger. The increase in efficiency increased production and worsened hunger because of the resulting increase in population. The implications of this in today's world are substantial. Many scientists and policymakers argue that future technological innovations will reduce consumption of resources; the Jevons Paradox explains why this may be a false hope. This is the first book to provide a historical overview of the Jevons Paradox, provide evidence for its existence and apply it to complex systems. Written and edited by world experts in the fields of economics, ecological economics, technology and the environment, it explains the myth of efficiency and explores its implications for resource usage (particularly oil). It is a must-read for policymakers, natural resource managers, academics and students concerned with the effects of efficiency on resource use.

It is increasingly evident that the conventional scientific approach to economic processes and related sustainability issues is seriously flawed. No economist predicted the current planetary crisis even though the world has now undergone five severe recessions primed by dramatic increases in the price of oil. This book presents the results of more than twenty years of work aimed at developing an alternative method of analysis of the economic process and related sustainability issues: it is possible to perform an integrated and comprehensive analysis of the sustainability of socio-economic systems using indicators and variables that have been so far ignored by conventional economists.

The book 's innovative approach aims to provide a better framework with which we can face the predicaments of sustainability issues. It begins by presenting practical examples of the shortcomings of conventional economic analysis and examines the systemic problems faced when trying to use quantitative analysis for governance. In providing a critical appraisal of current applications of economic narratives to the issue of sustainability, the book presents several innovative concepts required to generate a post-Newtonian approach to quantitative analysis in the Musiasem approach. An empirical section illustrates the results of an analysis of structural changes in world and EU countries. Finally, the book, using the insight gained in the theoretical and empirical analysis, exposes the dubious quality of many narratives currently used in the sustainability debate.

Overall, the performance of modern economies across different hierarchical levels of organization and across different disciplinary knowledge systems is fully analyzed and a more realistic measure of happiness and well-being is devised. The book should be of interest to researchers and students looking at the issue of sustainability within a variety of disciplines.

Faced with the twin threats of peak oil and climate change, many governments have turned for an answer to the apparent panacea of biofuels. Yet, increasingly, the progressive implementation of this solution demonstrates that the promise of biofuels as a replacement to fossil fuels is in fact a mirage that, if followed, risks leaving us short of power, short of food and doing as much damage to the climate as ever -- let alone the consequent impact on biodiversity due to additional loss of habitat for agricultural production and on rural development due to the additional stress on traditional farming systems. Worse still, these risks are being ignored. In this definitive expos Mario Giampietro and Kozo Mayumi present a theoretical framework and exhaustive evidence for the case against large scale biofuel production from agricultural crops. This book will be vital, sobering reading for anyone concerned with energy or agricultural policy, or bioenergy as a complex system.

The Jevons Paradox , which was first expressed in 1865 by William Stanley Jevons in relation to use of coal, states that an increase in efficiency in using a resource leads to increased use of that resource rather than to a reduction. This has subsequently been proved to apply not just to fossil fuels, but other resource use scenarios. For example, doubling the efficiency of food production per hectare over the last 50 years (due to the Green Revolution) did not solve the problem of hunger. The increase in efficiency increased production and worsened hunger because of the resulting increase in population. The implications of this in today s world are substantial. Many scientists and policymakers argue that future technological innovations will reduce consumption of resources; the Jevons Paradox explains why this may be a false hope. This is the first book to provide a historical overview of the Jevons Paradox, provide evidence for its existence and apply it to complex systems. Written and edited by world experts in the fields of economics, ecological economics, technology and the environment, it explains the myth of efficiency and explores its implications for resource usage (particularly oil). It is a must-read for policymakers, natural resource managers, academics and students concerned with the effects of efficiency on resource use.

Faced with the twin threats of peak oil and climate change, many governments have turned for an answer to the apparent panacea of biofuels. Yet, increasingly, the progressive implementation of this solution demonstrates that the promise of biofuels as a replacement to fossil fuels is in fact a mirage that, if followed, risks leaving us short of power, short of food and doing as much damage to the climate as ever -- let alone the consequent impact on biodiversity due to additional loss of habitat for agricultural production and on rural development due to the additional stress on traditional farming systems. Worse still, these risks are being ignored. In this definitive expos Mario Giampietro and Kozo Mayumi present a theoretical framework and exhaustive evidence for the case against large scale biofuel production from agricultural crops. This book will be vital, sobering reading for anyone concerned with energy or agricultural policy, or bioenergy as a complex system.

The vast majority of the countries of the world are now facing an imminent energy crisis, particularly the USA, China, India, Japan and EU countries, but also developing countries having to boost their economic growth precisely when more powerful economies will prevent them from using the limited supply of fossil energy. Despite this crisis, current protocols of energy accounting have been developed for dealing with fossil energy exclusively and are therefore not useful for the analysis of alternative energy sources. The first part of the book illustrates the weakness of existing analyses of energy problems: the science of energy was born and developed neglecting the issue of scale. The authors argue that it is necessary to adopt more complex protocols of accounting and analysis in order to generate robust energy scenarios and effective assessments of the quality of alternative energy sources. The second part of the book introduces the concept of energetic metabolism of modern societies and uses empirical results. The authors present an innovative approach - Multi-Scale Integrated Analysis of Societal and Ecosystem Metabolism (MuSIASEM) - capable of characterizing the quality of alternative energy sources in relation to both environmental constraints and socio-economic requirements. This method allows the metabolic pattern of a society to be described in relation to its feasibility, when looking at biophysical factors, and desirability, when looking at socio-economic factors. Addressing the issue of scale in energy analysis by cutting through the confusion found in current applications of energy analysis, this book should be of interest to researchers, students and policy makers in energy within a variety of disciplines.