The Second Law of Economics (The Frontiers Collection) and over one million other books are available for Amazon Kindle. Learn more
Qty:1
  • List Price: $89.95
  • Save: $15.00 (17%)
Only 6 left in stock (more on the way).
Ships from and sold by Amazon.com.
Gift-wrap available.
+ $3.99 shipping
Used: Like New | Details
Sold by thelibrarystore
Condition: Used: Like New
Comment: Cover clean; binding tight; pages unmarked; the Friends Library Store is a non-profit group whose proceeds help support the Salt Lake City Library
Access codes and supplements are not guaranteed with used items.
Sell yours for a Gift Card
We'll buy it for $8.56
Learn More
Trade in now
Have one to sell? Sell on Amazon
Flip to back Flip to front
Listen Playing... Paused   You're listening to a sample of the Audible audio edition.
Learn more
See all 2 images

The Second Law of Economics: Energy, Entropy, and the Origins of Wealth (The Frontiers Collection) Hardcover – June 30, 2011

ISBN-13: 978-1441993649 ISBN-10: 1441993649 Edition: 2011th

Buy New
Price: $74.95
30 New from $66.75 13 Used from $39.00
Amazon Price New from Used from
Kindle
"Please retry"
Hardcover
"Please retry"
$74.95
$66.75 $39.00
Best%20Books%20of%202014
NO_CONTENT_IN_FEATURE

Best Books of the Month
Best Books of the Month
Want to know our Editors' picks for the best books of the month? Browse Best Books of the Month, featuring our favorite new books in more than a dozen categories.

Product Details

  • Series: The Frontiers Collection
  • Hardcover: 297 pages
  • Publisher: Springer; 2011 edition (June 30, 2011)
  • Language: English
  • ISBN-10: 1441993649
  • ISBN-13: 978-1441993649
  • Product Dimensions: 9.2 x 6.1 x 0.9 inches
  • Shipping Weight: 1.2 pounds (View shipping rates and policies)
  • Average Customer Review: 4.0 out of 5 stars  See all reviews (1 customer review)
  • Amazon Best Sellers Rank: #899,073 in Books (See Top 100 in Books)

Editorial Reviews

Review

From the reviews:

“The second law of economics by Reiner Kümmel is divided into five chapters. Lots of mathematical expressions, derivations, and interpretations are given which are useful for scientists in this area. This is an interesting book written by a physicist with an interdisciplinary approach suited to the scientific minded as well as non-specialist audience. The author nicely incorporates energy, entropy, and technological concepts into the models of economic development.” (P. N. Rathie, Mathematical Reviews, December, 2013)

“It is no easy task to write a book that is targeted at a broad audience and merges essential concepts of thermodynamics, statistical physics, and economics. However, theoretical physicist Reiner Kümmel succeeds in doing just that with The Second Law of Economics: Energy, Entropy, and the Origins of Wealth. The book discusses the impact of two fundamental laws of nature—energy conservation and entropy production—on the creation and growth of wealth....[The author] argues in a clear and simple way that energy conversion is an essential force in wealth creation and a force to be reckoned with in the crafting of economic policy….

“Overall, The Second Law of Economics is accessible and quite enjoyable, in part because of the subtle ironic tone Kümmel uses in some places. He points out that, for an interdisciplinary field like economic thermodynamics, even PhD scientists can make naive observations….Besides physicists and economists, researchers and policymakers concerned with resource conservation and how a society should be economically organized in the future can benefit from The Second Law of Economics. After all, understanding that law now can help us guarantee the prosperity of future generations.”

--Physics Today, December 2011

From the Back Cover

Nothing happens in the world without energy conversion and entropy production.  These fundamental natural laws are familiar to most of us when applied to the evolution of stars, biological processes, or the working of an internal combustion engine, but what about industrial economies and wealth production, or their constant companion, pollution?  Does economics conform to the First and the Second  Law of Thermodynamics?  In this important book, Reiner Kümmel takes us on a fascinating tour of these laws and their influence on natural, technological, and social evolution.  Analyzing economic growth in Germany, Japan, and the United States in light of technological constraints on capital, labor, and energy, Professor Kümmel upends conventional economic wisdom by showing that the  productive power of energy far outweighs its small share of costs, while for labor just the opposite is true.  Wealth creation by energy conversion is accompanied and limited by polluting emissions that are coupled to entropy production.   These facts constitute the Second Law of Economics. They take on unprecedented  importance in a world that is facing peak oil, debt-driven economic turmoil, and threats from pollution and climate change.  They complement the First Law of Economics: Wealth is allocated on markets, and the legal framework determines the outcome.  By applying the First and Second Law we understand the true origins of wealth production, the issues that imperil the goal of sustainable development, and the technological options that are compatible both with this goal and with natural laws.  The critical role of energy  and entropy in the productive sectors of the economy must be realized if we are to create a road map that avoids a Dark Age of shrinking natural resources, environmental degradation, and increasing social tensions.


More About the Author

Discover books, learn about writers, read author blogs, and more.

Customer Reviews

4.0 out of 5 stars
5 star
0
4 star
1
3 star
0
2 star
0
1 star
0
See the customer review
Share your thoughts with other customers

Most Helpful Customer Reviews

2 of 2 people found the following review helpful By 7yeareclipse on January 2, 2013
Format: Hardcover Verified Purchase
Heir Kummel lays out, in simple, elegant, definite terms, the relationship between energy, entropy, and macroeconomics. The chapter entitled Energy - in which Reiner develops and derives the differential equations relating technology, energy cost, entropy, and production - reads like a mathematical climax, and is, in this Energy Engineer's opinion, an important step forward in the understanding of energy economics. I found parts of the text overly wordy at points, and too much attention is given to a case study PRIOR to developing the theory. In a next edition, I would like to see a reorganization of the material, and more examples of the use of the equations developed.

Quynton J. McDonald, BSREE
Comment Was this review helpful to you? Yes No Sending feedback...
Thank you for your feedback. If this review is inappropriate, please let us know.
Sorry, we failed to record your vote. Please try again

What Other Items Do Customers Buy After Viewing This Item?