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For those concerned with the long-term value of their accounts, it can be a challenge to plan in the present for inflation-adjusted economic growth over coming decades. Here, I argue that there exists an economic constant that carries…

General Finance · Quantitative Finance 2012-11-14 Timothy J. Garrett

Once carbon emission neutrality and other sustainability goals have been achieved, a widespread assumption is that economic growth at current rates can be sustained beyond the 21st century. However, even if we achieve these goals, this…

Physics and Society · Physics 2020-05-12 Andreas M. Hein , Jean-Baptiste Rudelle

Long-range climate forecasts use integrated assessment models to link the global economy to greenhouse gas emissions. This paper evaluates an alternative economic framework outlined in part 1 of this study (Garrett, 2014) that approaches…

General Finance · Quantitative Finance 2016-01-05 Timothy J. Garrett

Global Climate Models (GCMs) provide forecasts of future climate warming using a wide variety of highly sophisticated anthropogenic CO2 emissions models as input, each based on the evolution of four emissions "drivers": population p,…

Atmospheric and Oceanic Physics · Physics 2011-04-06 Timothy J. Garrett

In a recent study (Garrett, 2011), I described theoretical arguments and empirical evidence showing how civilization evolution might be considered from a purely physical basis. One implication is that civilization exhibits the property of…

Physics and Society · Physics 2011-02-01 Timothy J. Garrett

Abstract: The rising global temperatures caused by climate change significantly impact energy consumption and electricity generation. Fluctuating temperatures and frequent extreme weather events disrupt energy production and consumption…

Physics and Society · Physics 2024-12-18 MohammadReza Askari , Navid Parsa

Global warming arises from 'temperature forcing', a net imbalance between energy fluxes entering and leaving the climate system and arising within it. Humanity introduces temperature forcing through greenhouse gas emissions, agriculture,…

Atmospheric and Oceanic Physics · Physics 2008-12-12 Nick E. B. Cowern , Chihak Ahn

The dependence of world GDP on current energy consumption and total energy produced over the previous period and materialized in the form of production infrastructure is studied. The dependence describes empirical data with high accuracy…

General Economics · Economics 2020-06-16 Boris M. Dolgonosov

A robust thermodynamic relation between inflation corrected monetary valuation and energy emerges from existing work. This is based on the energy used, the aggregate efficiency of all production processes ($\Lambda(t)$) in terms of Joules…

General Economics · Economics 2026-04-17 Brian P. Hanley

The demand for computing is continuing to grow exponentially. This growth will translate to exponential growth in computing's energy consumption unless improvements in its energy-efficiency can outpace increases in its demand. Yet, after…

Computers and Society · Computer Science 2022-07-04 Noman Bashir , David Irwin , Prashant Shenoy , Abel Souza

Economic growth is unpredictable unless demand is quantified. We solve this problem by introducing the demand for unpaid spare time and a user quantity named human capacity. It organizes and amplifies spare time required for enjoying…

General Finance · Quantitative Finance 2012-06-13 Hans G. Danielmeyer , Thomas Martinetz

We introduce the logistic model of consumption growth, which captures a negative feedback loop preventing an unlimited growth of consumption due to finite biophysical resources of our planet. This simple dynamic model allows for derivation…

General Finance · Quantitative Finance 2018-07-05 Victor E. Gluzberg , Yuri A. Katz

Energy usage and GDP have been the subject of numerous studies over the past decades. It has been overlooked by previous studies that energy consumption correlates with economic growth in relation to GDP. This study uses threshold…

Much of today's sustainability discourse emphasizes efficiency, clean technologies, and smart systems, but largely underestimates fundamental physical constraints relating to energy-matter interactions. These constraints stem from the fact…

Physics and Society · Physics 2025-12-12 José Halloy , Petros Chatzimpiros , François Graner , Thomas Gregor

Energy has always been the driving force in the technological and economic development of societies. The consumption of a significant amount of energy is required to provide basic living conditions of developed countries (heating,…

Chemical Physics · Physics 2017-02-21 Sofoklis Makridis

Inflation has been the leading early universe scenario for two decades, and has become an accepted element of the successful `cosmic concordance' model. However, there are many puzzling features of the resulting theory. It requires both…

High Energy Physics - Theory · Physics 2009-11-10 Neil Turok , Paul J. Seinhardt

Global historical series spanning the last two centuries recently became available for primary energy consumption (PEC) and Gross Domestic Product (GDP). Based on a thorough analysis of the data, we propose a new, simple macroeconomic model…

General Economics · Economics 2021-11-03 Herve Bercegol , Henri Benisty

We consider the scaling laws, second-order statistics and entropy of the consumed energy of metropolis cities which are hybrid complex systems comprising social networks, engineering systems, agricultural output, economic activity and…

Physics and Society · Physics 2017-12-18 Syed Amaar Ahmad

Feeding a larger and wealthier global population without transgressing ecological limits is increasingly challenging, as rising food demand (especially for animal products) intensifies pressure on ecosystems, accelerates deforestation, and…

Theoretical Economics · Economics 2025-10-17 Moretti Elia , Loreau Michel , Benzaquen Michael

Can sustained open-ended technological progress preserve natural resources in a finite planet? We address this question on the basis of a stylized model with genuine open-ended technological innovation, where an innovation event corresponds…

Physics and Society · Physics 2026-04-03 Debora Princepe , Cristobal Quiñinao , Cristina Díaz Faloh , Pablo A. Marquet , Matteo Marsili
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