Energy Rents and Income Distribution (Hardcover)

Bernard C. Beaudreau

ISBN 10: 3032058619 / ISBN 13: 9783032058614

Editore: Springer Nature Switzerland AG, 2025

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Hardcover. This book explores into the dynamics of income distribution, challenging the established approaches of 19th-century political economist Karl Marx and 21st-century economist Thomas Piketty. Re-examinining the foundational principles of wealth creation through the lens of physical sciences, particularly mechanics, thermodynamics, and kinetics, Bernard C. Beaudreau argues that energy, rather than labor or capital, drives material processes and the accumulation of wealth. In the book, Beaudreau critiques current distribution theories, highlighting their connections to the basic laws of physics. He introduces the energy-organization approach, positing that labor and capital are organizationally productive rather than physically productive. This perspective can be used to observe income distribution as they connect to energy rents, which are the returns to energy after accounting for its costs. The book touches on globalization, presenting this approach as a form of energy rent seeking rather than a result of comparative advantage. Beaudreau proposes alternative systems for distributing energy rents and examines their implications for the legitimacy of wages and profits. Integrating scientific principles with economic theory, this book offers a unique approach to conversations surrounding income inequality. This book explores into the dynamics of income distribution, challenging the established approaches of 19th-century political economist Karl Marx and 21st-century economist Thomas Piketty. Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Codice articolo 9783032058614

Dati bibliografici

• Titolo: Energy Rents and Income Distribution (Hardcover)
• Editore: Springer Nature Switzerland AG
• Data di pubblicazione: 2025
• Lingua: Inglese
• ISBN 10: 3032058619
• ISBN 13: 9783032058614
• Rilegatura: Hardcover
• Condizione: new

Descrizione articolo

Riassunto

This book explores into the dynamics of income distribution, challenging the established approaches of 19^th-century political economist Karl Marx and 21^st-century economist Thomas Piketty. Re-examinining the foundational principles of wealth creation through the lens of physical sciences, particularly mechanics, thermodynamics, and kinetics, Bernard C. Beaudreau argues that energy, rather than labor or capital, drives material processes and the accumulation of wealth. 

In the book, Beaudreau critiques current distribution theories, highlighting their connections to the basic laws of physics. He introduces the energy-organization approach, positing that labor and capital are organizationally productive rather than physically productive. This perspective can be used to observe income distribution as they connect to energy rents, which are the returns to energy after accounting for its costs. The book touches on globalization, presenting this approach as a form of energy rent seeking rather than a result of comparative advantage. Beaudreau proposes alternative systems for distributing energy rents and examines their implications for the legitimacy of wages and profits. 

Integrating scientific principles with economic theory, this book offers a unique approach to conversations surrounding income inequality.

Informazioni sull'autore

Bernard C. Beaudreau is Professor in the Department of economics at Université Laval in Québec, Canada. He is the author of The Economics of Speed (2019).