“My learning experience during 1967 to 1968, at Resources for the Future (RFF), in particular a line of research initiated by Allen Kneese, led me to the view that economy is truly a physical system that converts raw materials into goods and services, subject to the laws of thermodynamics.”
Ayres and Benjamin Warr's 2009 book The Economic Growth Engine on thermodynamics applied to economic activity. [6] |