The International Society for Ecological Economics

Total Page:16

File Type:pdf, Size:1020Kb

The International Society for Ecological Economics International Society for Ecological Economics July 2007 Topics of Importance > China > Howarth — New Journal Editor > Regional News > Feature Articles Visit us online at www.ecoeco.org > Jobs / Publications / Conferences of Interest “We are all in the same boat” – an ISEE leadership mission to China by Peter May ISEE President Elect The motto of Tongji University, whose strong ties with Germany. The forum was Inside this issue: name literally means “we are all in the organized by ISEE member and Tongji same boat, and must work together to Professor Zhu Dajian, who directs the A Message from The 2 reach common goals”, describes the University’s Research Center of President harvest of ISEE leaders’ mission to Sustainable Development and China in May 2007. ISEE President Joan Governance, with support from UNEP Yasuni in Equador 4 Martinez-Alier, President-Elect Peter and Bayer Corp. The Forum’s principal Living standards, economic 6 May and the society’s founder and first themes included institutional and growth and environmental President, Robert Costanza as well as technical innovation as means of pressure ISEE member Robert Ayres, participated achieving human development with in a series of events and meetings in minimal environmental damage, with a The Misguided European 11 Shanghai and Beijing with a view to build particular emphasis on China’s role in Policy on Biofuels institutional collaboration. meeting this challenge. Creating a Policy of Well- 12 being In Shanghai, at the invitation of Tongji On conclusion of the Forum, ISEE University President Wan Gang (recently leaders and Professor Zhu delineated a Member News 13 named Minister of Science and series of potential collaborative ventures, Regional News 14 Technology of China), they took part in including the following highlights: an “Innovation for Sustainable Jobs, Appointments, 17 Conferences Development Forum” – part of the • A joint publication series involving university’s centennial celebration (see translation of key texts in ecological Publications 19 http://www.cxykcxfz.com/index.htm for economics into Chinese (along the lines details). Tongji University – now a major of Herman Daly’s Beyond Growth, which technology center with over 50,000 has a Chinese edition); students – was founded in 1907 by Efforts to facilitate participation by German educators and maintains its • Chinese researchers in the upcoming (Continued on Page 3) Howarth named Editor of Ecological Economics The Board of ISEE (and also the Below, Howarth who is a former student presidents of Regional Societies) agreed of Richard Norgaard, and who has some time ago with Elsevier that the next contributed many articles to the Journal, Don’t miss an issue of Eco- editor of the journal Ecological expresses his own views in anticipation logical Economics. Sub- Economics would be Richard Howarth. of becoming the new editor in January scribe to this prestigious The editor must rotate after some years 2008. Journal when you according to our agreement with Elsevier. Cutler Cleveland has been a very good See his comments on Page 3 Join or Renew the ISEE editor, as Richard Howarth will be. Today! Page 2 A Message From the President Joan Martinez-Alier In the last six months, the Board of the is, in my view, our most important product. society, in consultation with the presidents Howarth has written a short statement for of the regional societies, has taken two this issue of the Newsletter. important decisions. r Ecological Economicsr Ecological Another important decision has been to First, to hold the 10th Biennial Conference announce the Nicholas Georgescu-Roegen of the ISEE in Nairobi, between the 7th and prize, to be given to a young scholar in 11th August 2008. This will be organized by ecological economics or a related field. ISEE together with the African Society for Applications must be submitted before Ecological Economics (whose president is January 1st, 2008. Kevin Urama), with help from UNEP, the United Nations Environmental Programme. Peter May has written a report on the trip to Peter May, who will be president of the Shanghai and Beijing by himself, Robert International Society fo ISEE in 2008 and 2009, will chair our 10th Ayres, Bob Costanza, and myself in May Biennial Conference , and has already 07, on our own capacity as speakers at begun work with Kevin and colleagues at different venues but also representing the UNEP to organize the event. The ISEE in our attempts to link up with composition of the scientific committee, the Chinese ecological economists. plenary speakers, the guidelines for paper submissions and the time table, the titles of In this Newsletter we have included some the workshops and the main symposia, will comments on current issues, such as the be made public some time in September or debate on biofuels in Europe, and the October 2007. In Nairobi we shall be able proposal from Ecuador to “sell” oil deposits to rely upon the most valuable practical and in the Yasuni National Park to prevent their scientific support of Achim Steiner, the exploitation, thus avoiding local and global executive director of UNEP, Anantha environmental costs. The Newsletter and Duraiappah, and other local experts, to our webpage must become a vehicle for whom we express our gratitude in advance. some current debates in ecological economics, not least on la décroissance Second, the publisher Elsevier thought that soutenable, i.e. how economic ungrowth or the time had come when, according to degrowth in the rich countries could ISEE President, previous agreements, the editorship of the become socially and politically sustainable. Joan Martinez-Alier journal Ecological Economics should rotate. This is the official journal of our society. Its We have also included reports by insiders founder and first editor was Bob Costanza. or outsiders on some of the meetings of Its editor for the last few years has been the regional societies. and still is Cutler Cleveland, who has also been the editor of the well known Meanwhile, the ISEE Electoral College has Enyclopedia of Energy. Cutler Cleveland now identified a slate of candidates for both has written many important articles and President Elect and the ISEE Board books on ecological economics since the according to the statutes. The nominees 1980s, and has directed a programme in are currently being approached to secure this field at Boston University. The journal their agreement to stand, along with has grown under his competent editorship. statements of their hopes for the society. The time has come for a change, and we The candidates will be announced by the suggested to Elsevier that the new editor in end of September 07, and members will be chief should be R. B. Howarth, from invited to vote by email in October. Dartmouth College, who twenty years ago was a student of R.B. Norgaard at Members who have forgotten to renew their Berkeley. Howarth is known to many of you membership for 2007, may still make it. because of his writings in the journal and There is also the possibility to join or renew elsewhere, and because of his active for three years at one go. presence at ecological economics conferences. He will take up the job at the beginning of 2008. We wish him great success. The journal Ecological Economics Page 3 From the desk of Richard Howarth — Editor of Ecological Economics 2008 Dear Fellow ISEE Members, Economics is a matter of great importance It will be an exciting challenge to succeed to ISEE members. Cutler Cleveland as the third Editor-in- Chief of Ecological Economics effective One critical factor that supports a January 1, 2008. The first issue of the journal's operations is the effectiveness of journal appeared in 1989 under Bob its Managing Editor. I am pleased to say Costanza, who served as editor until Cutler that Anne Carter, who has served took charge in the fall of 2002. My admirably under Cutler, plans to remain predecessors have created a forum that is on-the-job in this role. I have worked with both highly visible to and well-regarded by Anne as an author, a referee, and the researchers in ecological economics and editor of a forthcoming special issue. closely-related fields. Our professional Anne's service to the journal is truly community is deeply indebted to both Bob admirable, and I look forward to working and Cutler for their outstanding and lasting with her more closely. contributions. I am mindful of the fact that I have big shoes to fill and that the As a field, ecological economics is rich and continued success of Ecological diverse. Our subject is unified by a (Continued on Page 6) China (Continued from Page 1) ISEE biennial conference in Tongji University as a 4-year term; its most recent Nairobi, for which Zhu repository for innovation in conference was held in would be invited to proffer a ecological economics in October 2006. A 2008 keynote address, focused China. conference is planned to on scenarios for the take place in Nanjing. The Chinese economy; ISEE was represented at current President, • Strengthening of the 2007 Elsevier Professor Teng Teng, is ecological economics EcoSummit in Beijing by Director of the Sustainable training at Tongji University, Robert Costanza and Peter Development Research ISEE President Joan through development of an May, both of whom Center of the Chinese Martinez-Alier speaks intensive summer school participated in a symposium Academy of Social about societal metabolism program to be offered by on agriculture and Sciences and Professor of at the Tongji University faculty members affiliated biodiversity in the Tsinghwa University. CSEE Forum on Innovation for productive landscape. After is administered by its Sustainable with ISEE; and Continued joint participation the symposium, leaders of General Secretary Li Zhou, Development, Shanghai in symposia on special the Chinese Society for Deputy Director of the Rural topics such as the role of Ecological Economics Development Institute of the “BRICS” countries in (CSEE) joined the ISEE the Chinese Academy of surmounting the potential leadership in a frank Social Sciences.
Recommended publications
  • Natural Resources in the Theory of Production: the Georgescu-Roegen/Daly Versus Solow/Stiglitz Controversy Quentin Couix
    View metadata, citation and similar papers at core.ac.uk brought to you by CORE provided by Archive Ouverte en Sciences de l'Information et de la Communication Natural Resources in the Theory of Production: The Georgescu-Roegen/Daly versus Solow/Stiglitz Controversy Quentin Couix To cite this version: Quentin Couix. Natural Resources in the Theory of Production: The Georgescu-Roegen/Daly versus Solow/Stiglitz Controversy. 2019. hal-02332485 HAL Id: hal-02332485 https://hal.archives-ouvertes.fr/hal-02332485 Submitted on 24 Oct 2019 HAL is a multi-disciplinary open access L’archive ouverte pluridisciplinaire HAL, est archive for the deposit and dissemination of sci- destinée au dépôt et à la diffusion de documents entific research documents, whether they are pub- scientifiques de niveau recherche, publiés ou non, lished or not. The documents may come from émanant des établissements d’enseignement et de teaching and research institutions in France or recherche français ou étrangers, des laboratoires abroad, or from public or private research centers. publics ou privés. Natural Resources in the Theory of Production: The Georgescu-Roegen/Daly versus Solow/Stiglitz Controversy Quentin Couixa a Centre d’économie de la Sorbonne (CES), Université Paris 1 Panthéon-Sorbonne, Paris, France. https://orcid.org/0000-0001-7789-0708 ARTICLE HISTORY Compiled October 24, 2019 Abstract This paper provides a theoretical and methodological account of an important con- troversy between neoclassical resources economics and ecological economics, from the early 1970s to the end of the 1990s. It shows that the assumption of unbounded resources productivity in the work of Solow and Stiglitz, and the related concepts of substitution and technical progress, rest on a model-based methodology.
    [Show full text]
  • World Bank Document
    THE WORLD BANK POLICY PLANNING AND RESEARCH STAFF Public Disclosure Authorized Environment Department Economic Analysis of Sustainable· Growth and Sustainable Development Public Disclosure Authorized JohnPezzey Public Disclosure Authorized March 1989 1ment Department Working Paper No. 15 ) n3 .15 Public Disclosure Authorized --,-·., use. The views and interpretations herein are those of I to the World Bank, to its affiliated organizations or to SLC004236 This paper has been prepared by John Pezzey, a consultant to the Environment Department of the World Bank. He is an economist specializing on the roles of environmental resources and discount rates in growth theory, and is a visiting research fellow in the Environment and Behavior Program of the Institute of Behavioral Science at the University of Colorado at Boulder. The author is grateful to Robert Ayres, Edward Barbier, Herman Daly, Salah El Serafy, John English, Jonathan Fisher, Philip Graves, Stein Hansen, David Heigham, Jeffrey Krautkraemer, Nancy Olewiler, David Pearce, Henry Peskin, Barry Poulson, Ray Prince, David Ulph, Jeremy Warford and Tomasz Zylicz for helpful comments and discussions on earlier drafts of this paper. Departmental Working Papers are not formal publications of the World Bank. They present preliminary and unpolished results of country analysis or research that is circulated to encourage discussion and comment; citation and the use of such a paper should take account of its provisional content. The findings, interpretations, and conclusions expressed in this paper are entirely those of the author, and should not be attributed in any manner to the World Bank, to its affiliated organizations, or to members of its Board of Executive Directors or the countries they represent.
    [Show full text]
  • On the Creation and Destruction of National Wealth: Are Financial Collapses Endogenous?
    sustainability Article On the Creation and Destruction of National Wealth: Are Financial Collapses Endogenous? Stanislav E. Shmelev 1,* and Robert U. Ayres 2 1 Environment Europe, 38 Butler Close, Woodstock Road, Oxford OX2 6JG, UK 2 INSEAD, Boulevard de Constance, 77300 Fontainebleau, France; [email protected] * Correspondence: [email protected] or [email protected] Abstract: This paper traces US national wealth from 1914 through 2015 and constructs a multivariate econometric model that combines elements of short-term and long-term dynamics. We find that US wealth depends on a range of macroeconomic variables, including the wealth itself observed in the previous period, change in market capitalization, change in US house price index and inflation. Less impactful, statistically significant factors included unemployment, changes in oil price, and change in debt-to-GDP ratio. Another significant result is that the Glass–Steagall Act, which prohibited com- mercial banks from speculative activity in the stock market after 1933, had a statistically significant positive impact on wealth in the US. We test the model by asking whether it could have anticipated the actual collapse in 2008, given prior data up to 2000, 2005 and 2010. All three tests forecasted a sharp wealth decline starting in 2008, followed by a recovery. These results suggest the possibility of forecasting future financial collapses. We have found our model to be slightly more accurate in the short run than in the long run. Keywords: USA; wealth; dynamics; econometrics; modelling Citation: Shmelev, S.E.; Ayres, R.U. On the Creation and Destruction of National Wealth: Are Financial 1.
    [Show full text]
  • Rep 28 Nâº2.Qx6
    Brazilian Journal of Political Economy, vol. 28, nº 2 (110), pp. 207- 225, April-June/2008 Sustainable development: conceptualizations and measurement CHARLES C. MUELLER* The paper builds up from a review of some expected, but other quite surprising results regarding country estimates for the year 2000 of genuine saving, a sustainability indicator developed by a World Bank research team. We examine this indicator, founded on neoclassical welfare theory, and discuss one of its major problems. Theoretical developments from ecological economics are then considered, together with insights from Georgescu-Roegen’s approach to the production process, in search for an alternative approach. A model with potentially fruitful contributions in this direction is reviewed; it points the course efforts could take enable sustainability evaluations based on a more realistic set of interrelated monetary and biophysical indicators. Keywords: development, sustainability, indicators. JEL Classification: Q32; Q56; Q57. INTRODUCTION Five years after the Millennium Declaration, with development goals for the first 15 years of the XXI century, the World Bank issued a report (World Bank, 2005a) evaluating the 7 th of these goals: that of ensuring environmental sustainability. Based on results of the work of a research team of the Bank (WBRT) headed by Kirk Hamilton (see World Bank, 2005b), the report heralded progress * Departamento de Economia, UnB, e-mail: [email protected]. Submetido: Outubro 2006; Aceito: Fevereiro 2007. Versão preliminar foi apresentada no 3rd World Congress of Environmental and Resource Economists, Quioto, 3-7 de julho de 2006, graças a bolsa da Fundação de Empreendimentos Científicos e Tecnológicos (FINATEC), UnB. O autor agradece os comentários extremamente úteis de dois referees anônimos.
    [Show full text]
  • Guide to the Field of Environmental and Natural Resource Economics Carollyne Hutter
    Guide to the Field of Environmental and Natural Resource Economics Carollyne Hutter . , ! 's":..s ii"' . i 4 - .. • " I" M Financial assistance provided WWF by the U.S. Agency for International Development USAgE Guide to the Field ofEnvironmental I and Natural Resource Economics WORLD WILDLIFE FUND BOARD OF DIRECTORS Russell E. Train Barbara Anthony Chairman Edward P. Bass George L Crowell Lawrence S. Huntington Joseph F. Cullman 3rd Melvin B. Lane Marshall Field V Co-chairmen ofthe Executive Committee Caroline M. Getty Lena Guerrero Kathryn S. Fuller Thomas H. Kean President Hwiter LewL Adienne B.Mars Cruz A. Matos Gordon Orians Arthur Orrenberg Anne Pattee Roger Sant Roque Sevilla Anne P. Sidamon-Eristoff George H. Taber Margaret Taylor John Terborgh Rodney Wagner Susan M. Williams Edward 0. Wilson World Wildlife Fund (WWF) is the largest private U.S. organization working worldwide to conserve nature. WWF works to preserve the diversity and abundance of life on Earth and the health of ecological systems by protecting natural areas and wildlife populations, promoting sustainable use of natural resources, and promot­ ing more efficient resource and energy use and the maximuni reduction of pollution. WWF is affiliated with the internatiorl WWF network, which has national organization., associates, or representadves in n-arly 40 count:ies. In the United States, WWF has more than one million members. Guide to the Field of Environmental and Natural Resource Economics Carolyne Hutter WWF USAD World Wildlife Fund Financial assistance provided by the U.S. Agency for W .ashington,D.C. International Development Guide to the Field of Environmental and Natural Resource Economics Carollyne Hutter © 1992 by World Wildlife Fund.
    [Show full text]
  • Exergy and Useful Work V.Final
    School of GeoS ciences Dissertation For the degree of MSc in Ecological Economics Lina Isabel Brand Correa* August 2014 * Beneficiaria COLFUTURO 2013. EXERGY AND USEFUL WORK ANALYSIS AS A TOOL FOR IMPROVED ENERGY POLICY MAKING: THE CASE OF THE COLOMBIAN ENERGY SECTOR Lina Isabel Brand Correa A dissertation presented for the degree of Master of Science University of Edinburgh, 2014. I assert my right to be identified as the author of this work in accordance with section 78 Copyright Designs and Patents Act 1988. PGS/ABST/94 Use this side only THE UNIVERSITY OF EDINBURGH (Regulation 3.5.13) ABSTRACT OF THESIS Name of Candidate Lina Isabel Brand Correa Address 39/5 Marchmont Crescent, EH9 1HF, Edinburgh th Degree MSc. in Ecological Economics Date 15 of August, 2014 Title of Thesis Exergy and Useful Work Analysis as a Tool for Improved Energy Policy Making: The Case of the Colombian Energy Sector No. of words in the main text of Thesis 20653 Energy systems entail a dualism: they are absolutely vital for the normal functioning of societies, but the activities related to them are threatening the stability of the natural environment where societies develop (by being the main source of greenhouse gas emissions). Therefore, energy systems need to be maintained and further expanded, whilst simultaneously reducing their negative environmental impacts. In this sense, a deeper understanding of the thermodynamic concepts behind energy use and conversion processes is needed. Exergy and useful work provide such an understanding and hence their analysis can be used as a tool for improved energy policy making, particularly when dealing with efficiency improvements.
    [Show full text]
  • Kerschner-2010.Pdf
    Journal of Cleaner Production 18 (2010) 544–551 Contents lists available at ScienceDirect Journal of Cleaner Production journal homepage: www.elsevier.com/locate/jclepro Economic de-growth vs. steady-state economy Christian Kerschner* Institut de Cie`ncia i Tecnologia Ambientals, Universitat Auto`noma de Barcelona, 08193 Bellaterra, Spain article info abstract Article history: In recent years the concept of economic de-growth (decroissance) based on the literature of Nicolas Received 21 March 2009 Georgescu-Roegen e.g. [1–3] has found a revival in France, Italy, Spain and other countries, in the popular Received in revised form as well as in the academic literature. Therein authors took on board Georgescu-Roegens’ categorical 21 October 2009 rejection of a steady-state economy (SSE), as proposed by Herman Daly [4]. They argue that economic de- Accepted 23 October 2009 growth is the only viable alternative goal to the growing economy. This position is challenged in this Available online 10 November 2009 article and it is concluded that the two concepts are in fact complements. Economic de-growth is not a goal in itself, but the rich North’s path towards a globally equitable SSE. Moreover the de-growth Keywords: Steady-state economy literature can benefit from the strong economic historic roots of the SSE and from Daly’s macroeconomic Economic de-growth concepts, while in return being able to give lessons about bottom-up approaches. This would be Population particularly important for the population issue, where Daly proposes limited birth licences. Unfortu- Unattainable goals nately statements on demography are inconsistent and underdeveloped in the de-growth literature.
    [Show full text]
  • The Centre for the Management of Environmental Resources
    Working Papers R & D CMER The Centre for the Management of Environmental Resources RESOURCES, SCARCITY, TECHNOLOGY, AND GROWTH by R. AYRES* 2002/118/EPS/CMER (Revised Version of 2001/31/EPS) This working paper was published in the context of INSEAD’s Centre for the Management of Environmental Resources, an R&D partnership sponsored by Novartis, Shell, and Paul Dubrule. * Emeritus Professor of Economics and Political Sciences, Centre for the Management of Environmental Resources (CMER) at INSEAD, Boulevard de Constance, 77305, Fontainebleau Cedex, France. A working paper in the INSEAD Working Paper Series is intended as a means whereby a faculty researcher's thoughts and findings may be communicated to interested readers. The paper should be considered preliminary in nature and may require revision. Printed at INSEAD, Fontainebleau, France. RESOURCES, SCARCITY, TECHNOLOGY, AND GROWTH Robert U. Ayres Center for the Management of Environmental Resources INSEAD, Boulevard de Constance F-77305 Fontainebleau Cedex France Tel: 33(0)-1-6072-4011 Fax: 33(0)-1-6498-7476 Email: [email protected] Abstract This paper reviews the history of economic growth since the industrial revolution, viewed as a positive feedback process involving resource scarcity, conversion efficiency, substitution, innovation and new applications leading to increased demand. Related notions including thermodynamic measures, exergy, power, work, the Kuznets curve, and the so-called `rebound effect’ are also discussed. The rebound effect is, in effect, the growth dynamic. Some implications for the future are discussed. Thermodynamics and natural resources The term `resources’ is used in many ways in different disciplines. For purposes of this paper, a resource is an essential input to the economic process.
    [Show full text]
  • Ecological Economics
    ECOLOGICAL ECONOMICS http://greenplanet.eolss.net.login.ezproxy.library.ualbert... Search Print this chapter Cite this chapter ECOLOGICAL ECONOMICS Brian Czech Center for the Advancement of the Steady State Economy, 5101 South 11th Street., Arlington, Virginia 22204, USA Keywords: allocation of resources, distribution of wealth, ecological economics, ecological footprint, economic growth, ecosystem services, limits to growth, natural capital, optimum scale, steady state economy Contents 1. Historical Development of Ecological Economics 2. Approach and Philosophy of Ecological Economics 3. Themes and Emphases of Ecological Economics 4. Policy Implications of Ecological Economics 5. Future Directions and Challenges for Ecological Economics 6. Conclusion Acknowledgements Related Chapters Glossary Bibliography Biographical Sketch Summary Ecological economics arose in the final decades of the 20th century out of concerns for environmental protection and economic sustainability. It was largely a response to a real or perceived lack of physical and biological underpinnings in neoclassical economics. It was also intended to infuse economics with a moral philosophy, in contrast with the amoral implications of neoclassical models portraying man as a rational, utility-maximizing automaton. Ecological economics is a transdisciplinary endeavor, incorporating and synthesizing concepts and findings from an array of natural and social sciences. Of particular importance are the laws of thermodynamics and basic principles of ecology. Limits to economic growth are thoroughly understood only via the first two laws of thermodynamics. The first law establishes that there is a limit to the inputs required for economic production, and the second law establishes that there are limits to the efficiency with which those inputs may be transformed into goods and services.
    [Show full text]
  • The Early History of Modern Ecological Economics
    Ecological Economics 50 (2004) 293–314 www.elsevier.com/locate/ecolecon ANALYSIS The early history of modern ecological economics Inge Rbpke* Department of Manufacturing Engineering and Management, Technical University of Denmark, Matematiktorvet, Building 303 East, 2800 Kgs. Lyngby, Denmark Received 4 September 2003; received in revised form 4 February 2004; accepted 4 February 2004 Abstract This paper provides a historical perspective for the discussion on ecological economics as a special field of research. By studying the historical background of ecological economics, the present discussions and tensions inside the field might become easier to understand and to relate to. The study is inspired by other studies of the emergence of new research areas done by sociologists and historians of science, and includes both cognitive and social aspects, macro trends and the role of individuals. The basis for the paper is a combination of literature studies and interviews with key researchers from the field. The story opens with the emergence of the new environmental agenda in the 1960s, which was influenced by the scientific development in biology and ecology. Then it is outlined how the environmental challenge was met by economics in the 1960s. Around 1970, the basic ideas of ecological economics were given modern formulations, but it took a long gestation period from the beginning of the 1970s to the end of the 1980s, before ecological economics took shape. During this gestation period, the personal relationships between the actors were formed, and the meetings that were decisive for the formal establishment of ecological economics took place. D 2004 Elsevier B.V.
    [Show full text]
  • This Working Paper Was Published in the Context of INSEAD's Centre For
    "ENTROPY, INFORMATION AND EVOLUTIONARY SELECTION" by Katalin MARTINAS and Robert AYRES 93/59/EPS This working paper was published in the context of INSEAD's Centre for the Management of Environmental Resources, an R&D partnership sponsored by Ciba-Geigy, Danfoss, Otto Group, Royal Dutch/Shell and Sandoz AG. * Research Fellow, at INSEAD, Boulevard de Constance, Fontainebleau 77305 Cedex, France. ** Professor of Environmental Economics, Sandoz Chair in Management and the Environment, at INSEAD, Boulevard de Constance, Fontainebleau 77305 Cedex, France. Printed at INSEAD, Fontainebleau, France ENTROPY, INFORMATION AND EVOLUTIONARY SELECTION Katalin Martinis and Robert Ayres CMER, INSEAD Fontainebleau, France June 1993 Abstract We show that the second law of thermodynamics for a general non-equilibrium system can be expressed as a relationship between physical information change over time, entropy production and physical information fluxes. We show that a steady state system far from thermodynamic equilibrium must embody some structural information. It must import physical information from external sources of free energy or structure to compensate for entropy production due to the loss of information from the dissolution of existing structures. Nevertheless, the Second Law is also consistent with an accumulation of physical information in the form of increasingly complex ordered structures ("order out of chaos"). We display a corresponding but contrasting axiom for evolutionary biological and economic systems. This sheds light on the role of purposive decision-making (selection) behavior and/or human preferences as a determinant of the direction of evolutionary change. It also sheds light on the role of selection in biological evolution. Introduction The concept of entropy has not progressed far since Clausius' time, even for most scientists.
    [Show full text]
  • 3.2 Statistical Thermodynamics
    國 立 交 通 大 學 管理學院科技管理學程 碩 士 論 文 技術創新及分散式資本主義之熱力學解析 A Thermodynamic Perspective on Innovation and Distributed Capitalism - A Conceptual Paper 研究生:沈博仁 指導教授:徐作聖 博士 中華民國一 0 三年六月 技術創新及分散式資本主義之熱力學解析 A Thermodynamic Perspective on Innovation and Distributed Capitalism - A Conceptual Paper 研 究 生:沈博仁 Student:Po Jen Shen 指導教授:徐作聖 Advisor:Dr. Joseph Z. Shyu 國 立 交 通 大 學 管 理 學 院 科 技 管 理 學 程 碩 士 論 文 A Thesis Submitted to Institute of Management of Technology College of Management National Chiao Tung University in partial Fulfillment of the Requirements for the Degree Program of Master of Business Administration in Management of Technology June 2014 Hsinchu, Taiwan, Republic of China 中華民國一 0 三年六月 技術創新及分散式資本主義之熱力學解析 學生:沈博仁 指導教授:徐作聖 博士 國立交通大學管理學院科技管理學程 摘要 隨著經濟知識日益分岐、分散以及創新導向。尤其是在這資訊氾濫的知識經濟時 代,一種以菁英為基礎及橫向協作為主的分散式市場機制,逐漸取代了中央化、 集中化的市場機制。 本研究提供了以熱力學觀點下用以解析市場機制所需之必要背景知識以及工具。 由熱力學所衍生出的信息理論被使用來作為分析工具,此工具證明在分析特定序 列,尤其是時間序列下之變數及信息時是可行的。這些工具及指標可用以評量一 個數列的混亂程度,以及兩個以上數列之間的相關程度。 本研究進一步探討的探討在熱力學觀點下之技術創新及分散式資本主義,特別是 在龐大市場下多樣性產品及供應之策略服務創新。其中使用兩種不同的統計熱力 學情境,即費米和玻色兩個不同的模型。 結果顯示,玻色模型可模擬並代表一個傳統不可區分的市場,也就是較趨近一個 靜態、機會均等的中央化、集中化的市場機制。而費米模型則代表一個逐步發展 之可區分的市場,較接近一個機率非均等的分散式市場,充滿著機會且有著最高 的效率。 關鍵字: 統計熱力學、信息理論、分散式資本、「熵」 i A Thermodynamic Perspective on Entrepreneurship and Distributed Capitalism - A Conceptual Paper Student: Po Jen Shen Advisor: Dr. Joseph Z. Shyu Institute of Management of Technology National Chiao Tung University ABSTRACT Because economic knowledge is increasingly more dispersed, centrifugal, distributed and innovation-driven, an elite-based and lateral collaboration-centric model of distributed market mechanism forecloses the conventional aggregated and centralized market mechanism, particularly, in an era of knowledge economy with information overflows. This research provides essential background knowledge and tools to analysis markets behavior in thermodynamic perspective. The derived information theory is used as a tool that is proved useful to analyze variables/information in specified series, namely, time series.
    [Show full text]