Energy Rents and Income Distribution - 9783032058614

Energy Rents and Income DistributionAre Wages and Profits Legitimate?\nAuthor(s): Bernard C. Beaudreau\nFormat: Hardback\nPublisher: Springer Nature Switzerland AG, Switzerland\nImprint: Palgrave Macmillan\nISBN-13: 9783032058614, 978-3032058614\nSynopsis\nThis book explores into the dynamics of income distribution, challenging the established approaches of19th-century political economistKarl Marx and21st-century economistThomas Piketty. Re-examinining the foundational principles of wealth creation through the lens of physical sciences, particularly mechanics, thermodynamics, and kinetics, Bernard C. Beaudreau argues that energy, rather than labor or capital, drives material processes and the accumulation of wealth.\n\nIn the book, Beaudreau critiques current distribution theories, highlighting their connections to the basic laws of physics. He introduces the energy-organization approach, positing that labor and capital are organizationally productive rather than physically productiv.