Energy, Complexity and Wealth Maximization
This book is about the mechanisms of wealth creation, or what we like to think of as evolutionary “progress”. For the modern economy, natural wealth consists of complex physical structures of condensed (“frozen”) energy – mass - maintained in the earth’s
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F R O N T I E R S
C O L L E C T I O N
Robert Ayres
ENERGY, COMPLEX ITY AND WEALTH MA X IMIZATION
123
THE FRONTIERS COLLECTION Series editors Avshalom C. Elitzur Unit of Interdisciplinary Studies, Bar-Ilan University, 52900 Ramat-Gan, Israel e-mail: [email protected] Laura Mersini-Houghton Department of Physics, University of North Carolina, Chapel Hill, NC 27599-3255, USA e-mail: [email protected] T. Padmanabhan Inter University Centre for Astronomy and Astrophysics (IUCAA), Pune, India Maximilian Schlosshauer Department of Physics, University of Portland, Portland, OR 97203, USA e-mail: [email protected] Mark P. Silverman Department of Physics, Trinity College, Hartford, CT 06106, USA e-mail: [email protected] Jack A. Tuszynski Department of Physics, University of Alberta, Edmonton, AB T6G 1Z2, Canada e-mail: [email protected] Ru¨diger Vaas Center for Philosophy and Foundations of Science, University of Giessen, 35394 Giessen, Germany e-mail: [email protected]
THE FRONTIERS COLLECTION Series Editors A.C. Elitzur L Mersini-Houghton T. Padmanabhan M.P. Silverman J.A. Tuszynski R. Vaas
M. Schlosshauer
The books in this collection are devoted to challenging and open problems at the forefront of modern science, including related philosophical debates. In contrast to typical research monographs, however, they strive to present their topics in a manner accessible also to scientifically literate non-specialists wishing to gain insight into the deeper implications and fascinating questions involved. Taken as a whole, the series reflects the need for a fundamental and interdisciplinary approach to modern science. Furthermore, it is intended to encourage active scientists in all areas to ponder over important and perhaps controversial issues beyond their own speciality. Extending from quantum physics and relativity to entropy, consciousness and complex systems—the Frontiers Collection will inspire readers to push back the frontiers of their own knowledge.
More information about this series at http://www.springer.com/series/5342
For a full list of published titles, please see back of book or springer.com/series/5342
Robert Ayres
ENERGY, COMPLEXITY AND WEALTH MAXIMIZATION
Robert Ayres INSEAD Fountainebleau, France
ISSN 1612-3018 ISSN 2197-6619 (electronic) The Frontiers Collection ISBN 978-3-319-30544-8 ISBN 978-3-319-30545-5 (eBook) DOI 10.1007/978-3-319-30545-5 Library of Congress Control Number: 2016945989 © Springer International Publishing Switzerland 2016 This work is subject to copyright. All rights are reserved by the Publisher, whether the whole or part of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission or information storage and retrieval, electronic adaptation, computer software, or by similar or dissimilar methodology now known or hereafter developed. The use of general descriptive names, registered names,
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