Given that the energy rentsenergy rents approach offers a novel approach to wealth creation by focusing on the underlying physicsphysics, it provides a revisionist interpretation of economic developmenteconomic development as originating not in more and more capital or more and more labor, but rather in the generation of energy rents. Hence, the focus moves from the broadly defined organization input, to the key driver of all material wealth, energy.

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Energy Rents and Development

  • Bernard C. Beaudreau

摘要

Given that the energy rentsenergy rents approach offers a novel approach to wealth creation by focusing on the underlying physicsphysics, it provides a revisionist interpretation of economic developmenteconomic development as originating not in more and more capital or more and more labor, but rather in the generation of energy rents. Hence, the focus moves from the broadly defined organization input, to the key driver of all material wealth, energy.