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Entropic Irreversibility and Uncontrolled Technological Change in Economy and Environment

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  • O'Connor, Martin

Abstract

A joint production model representing "Spaceship Earth" is used to explore at a conceptual level, implications of natural resource depletion and economic waste production for economy-environment change. Ecological change is considered as uncontrolled technological innovation, partially induced through disposal of unwanted "surpluses" (by-products and "wastes" from economic activity). These surpluses may accumulate as wastelands, or (more likely) contribute to uncontrolled ecological change. Technologically stationary economy-environment steady-state solutions are contrasted with instability and forced change where either the technologies or the patterns of resource allocation in economic and environmental processes are incompatible with a steady state.

Suggested Citation

  • O'Connor, Martin, 1993. "Entropic Irreversibility and Uncontrolled Technological Change in Economy and Environment," Journal of Evolutionary Economics, Springer, vol. 3(4), pages 285-315, December.
  • Handle: RePEc:spr:joevec:v:3:y:1993:i:4:p:285-315
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    Cited by:

    1. Baumgartner, Stefan & Dyckhoff, Harald & Faber, Malte & Proops, John & Schiller, Johannes, 2001. "The concept of joint production and ecological economics," Ecological Economics, Elsevier, vol. 36(3), pages 365-372, March.
    2. Stern, David I., 1997. "Limits to substitution and irreversibility in production and consumption: A neoclassical interpretation of ecological economics," Ecological Economics, Elsevier, vol. 21(3), pages 197-215, June.
    3. David I. Stern, 2010. "The Role of Energy in Economic Growth," CCEP Working Papers 0310, Centre for Climate & Energy Policy, Crawford School of Public Policy, The Australian National University.
    4. Stern, David I., 1999. "Is energy cost an accurate indicator of natural resource quality?," Ecological Economics, Elsevier, vol. 31(3), pages 381-394, December.

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