An evolutionary economic theory for a sustainable future
by Joseph A. Weissmahr
International Journal of Global Energy Issues (IJGEI), Vol. 5, No. 1, 1993

Abstract: Evolutionary economic theory expands the horizon of economics by including in its field of analysis not only the socio-economic system, but also the relevant interactions with the natural environment. The theory aims to identify all the factors which make qualitative and quantitative development in the economy possible. Answers obtained from game-theory, systems-theory and driving force analysis are summarized. It is shown that the real source of wealth is human knowledge, which is making increasing amounts of converted solar energy available for doing work at diminishing costs and leads to further development of knowledge for using human time in superior ways. The theory also shows a way to an ecologically sustainable long range future.

Online publication date: Thu, 17-Jul-2014

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