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Can the World Get Along Without Natural Resources?

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  • Fix, Blair

    (York University)

Abstract

Neoclassical economists fundamentally misunderstand the role of natural resources in the economy. I discuss here the source of this misunderstanding, and the ways we can better understand the role of energy to human societies.

Suggested Citation

  • Fix, Blair, 2020. "Can the World Get Along Without Natural Resources?," SocArXiv hp5w4_v1, Center for Open Science.
    • Handle: RePEc:osf:socarx:hp5w4_v1
    DOI: 10.31219/osf.io/hp5w4_v1
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    References listed on IDEAS

    as
    1. Fix, Blair & Nitzan, Jonathan & Bichler, Shimshon, 2019. "Real GDP: The Flawed Metric at the Heart of Macroeconomics," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, issue 88, pages 51-59.
    2. Kummel, Reiner, 1989. "Energy as a factor of production and entropy as a pollution indicator in macroeconomic modelling," Ecological Economics, Elsevier, vol. 1(2), pages 161-180, May.
    3. Fix, Blair, 2015. "Rethinking Economic Growth Theory From a Biophysical Perspective," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157974, August.
    4. William D. Nordhaus, 1993. "Reflections on the Economics of Climate Change," Journal of Economic Perspectives, American Economic Association, vol. 7(4), pages 11-25, Fall.
    5. Hannon, Bruce & Joyce, John, 1981. "Energy and technical progress," Energy, Elsevier, vol. 6(2), pages 187-195.
    6. Nitzan, Jonathan & Bichler, Shimshon, 2009. "Capital as Power. A Study of Order and Creorder," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157973, August.
    7. Megan C. Guilford & Charles A.S. Hall & Peter O’Connor & Cutler J. Cleveland, 2011. "A New Long Term Assessment of Energy Return on Investment (EROI) for U.S. Oil and Gas Discovery and Production," Sustainability, MDPI, vol. 3(10), pages 1-22, October.
    8. Robert M. Solow, 1974. "The Economics of Resources or the Resources of Economics," Palgrave Macmillan Books, in: Chennat Gopalakrishnan (ed.), Classic Papers in Natural Resource Economics, chapter 12, pages 257-276, Palgrave Macmillan.
    Full references (including those not matched with items on IDEAS)

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