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Toward a Biophysical Growth Theory

  • Blair FixEmail author
Chapter
Part of the SpringerBriefs in Energy book series (BRIEFSENERGY)

Abstract

Having conducted an extensive investigation into the empirical realities of growth (in previous chapters), the conclusion is reached that it is time to abandon neoclassical growth theory. This chapter reviews the basic problems with neoclassical theory before outlining some of the essential elements of a biophysical growth theory. The empirical results from previous chapters are used to propose a list of seven ‘stylized’ biophysical facts that a biophysical growth theory must explain. The basic strengths of a biophysical growth theory are discussed and arguments are made for why it is a timely endeavor.

Keywords

Gross Domestic Product Growth Theory Resource Stock Neoclassical Theory Labor Productivity Growth 
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© The Author(s) - SpringerBriefs 2015

Authors and Affiliations

  1. 1.Faculty of Environmental StudiesYork UniversityTorontoCanada

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