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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, Center for Open Science.
    • Handle: RePEc:osf:socarx:hp5w4
    DOI: 10.31219/osf.io/hp5w4
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    References listed on IDEAS

    as
    1. William D. Nordhaus & James Tobin, 1973. "Is Growth Obsolete?," NBER Chapters, in: The Measurement of Economic and Social Performance, pages 509-564, National Bureau of Economic Research, Inc.
    2. Wicksteed, Philip H., 1894. "An Essay on the Co-ordination of the Laws of Distribution," History of Economic Thought Books, McMaster University Archive for the History of Economic Thought, edition 127, number wicksteed1894.
    3. Nitzan, Jonathan & Bichler, Shimshon, 2009. "Capital as Power. A Study of Order and Creorder," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157973.
    4. Keen, Steve & Ayres, Robert U. & Standish, Russell, 2019. "A Note on the Role of Energy in Production," Ecological Economics, Elsevier, vol. 157(C), pages 40-46.
    5. 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.
    6. 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.
    7. 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.
    8. Fix, Blair, 2015. "Rethinking Economic Growth Theory From a Biophysical Perspective," EconStor Books, ZBW - Leibniz Information Centre for Economics, number 157974.
    9. 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.
    10. 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.
    11. Hannon, Bruce & Joyce, John, 1981. "Energy and technical progress," Energy, Elsevier, vol. 6(2), pages 187-195.
    Full references (including those not matched with items on IDEAS)

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