Energy, entropy, creativity: What drives and slows economic growth

This book helps to understand the importance of thermodynamics for economics, the environment and society. It argues for the integration of the first two laws of thermodynamics into textbook economics. In doing so, systemic similarities in thermodynamics and the theory of economic growth lead to the use of similar mathematical methods that allow industrial economies to be described realistically. From this, the authors propose tools for solving social and environmental problems.

The book is aimed at all those interested in interdisciplinary research on the development problems of the economy and society and who want to understand what drives their upheavals.

The authors of the book have been dealing with these development problems for a long time: the theoretical physicist Reiner Kummel from the University of Wurzburg, the physicist and economist Dietmar Lindenberger from the University of Cologne and the Energy Economics Institute at this university, and the economist Niko Paech from the University of Siegen.

It is my pleasure to recommend this book to readers. It is driven by the idea of exploring the physical limits of human economic activity using thermodynamics, one of the most universal physical theories we have.

Dieter Meschede, Professor of Physics, University of Bonn