The History and Future of Economics

Viac o knihe

The book explores the concept that energy is the fundamental substance of the universe, essential for material transformation and information transmission. It critiques the labor theory of value, initially proposed by physiocrats and developed by influential economists like Adam Smith and Karl Marx, suggesting it serves as a preliminary framework for understanding the value creation process. Through this analysis, the author aims to provide a deeper insight into the relationship between energy and value in economic theory.