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Energy, Entropy, and Economic Analysis: Some New Directions

The relationships between energy analysis, entropy analysis, and economic analysis have been intensely debated over the past decade, and a variety of conflicting claims have been made concerning the strengths and weaknesses of each approach. Recent articles' indicate a growing general agreement that energy content valuation is an energy theory of value, and that net energy, entropy, and economic analysis all reach different conclusions.

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Energy Specializations: Energy Modeling – Energy Data, Modeling, and Policy Analysis

JEL Codes: Q40: Energy: General, Q42: Alternative Energy Sources, Q31: Nonrenewable Resources and Conservation: Demand and Supply; Prices, Q38: Nonrenewable Resources and Conservation: Government Policy, Q21: Renewable Resources and Conservation: Demand and Supply; Prices, Q20: Renewable Resources and Conservation: General

Keywords: Energy, Entropy, Energy policy

DOI: 10.5547/ISSN0195-6574-EJ-Vol2-No2-8

Published in Volume 2, Number 2 of the bi-monthly journal of the IAEE's Energy Economics Education Foundation.


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