2 papers
econ.TH2018
A theoretical framework to consider energy transfers within growth theory
Benjamin Leiva, Octavio Ramirez, John R. Schramski
Growth theory has rarely considered energy despite its invisible hand in all physical systems. We develop a theoretical framework that places energy transfers at centerstage of gro…
econ.TH2018
Why are prices proportional to embodied energies?
Benjamin Leiva
The observed proportionality between nominal prices and average embodied energies cannot be interpreted with conventional economic theory. A model is presented that places energy t…