Recent work has produced a theory for tropical convective available potential energy (CAPE) that highlights the Clausius-Clapeyron (CC) scaling of the atmosphere’s saturation deficit as a driver of increases in CAPE with warming. Here we test this so-called “zero-buoyancy” theory for CAPE by modulating the saturation deficit of cloud-resolving simulations of radiative-convective equilibrium in ...

In spite of the obvious physical dimension of economic production and consumption, economics has essentially ignored flows and stocks of materials and substances. Environmental economics has recently paid increased attention to material flows, which is not surprising given that its core problems – pollution and resource scarcity – can be directly related to material flows through the economy. V...

There is no definition of globalization in a form universally accepted and perhaps not even final one. The reason is that globalization includes a multitude of complex processes, reaching different areas of society. It can be a phenomenon, an ideology, a strategy or all together. One thing is certain: globalization raises an endless polemic, progressing continuously and irreversibly generate ma...

Global economic transactions such as foreign direct investment ðFDIÞ must extend over an institutional abyss between the jurisdiction, and therefore protection, of the states involved. Intergovernmental organizations ðIGOsÞ represent an important attempt to span this abyss. The authors use a network approach to demonstrate that the connections between two countries, through joint membership in ...

Feedback effects from asset prices to firm cash flows have been empirically documented. This finding raises a question for asset pricing: How are asset prices determined if price affects fundamental value, which in turn affects price? In this environment, by buying assets that others are buying, investors ensure high future cash flows for the firm and subsequent high returns for themselves. Hen...

The current economic crisis has long-term causes that are rooted in the economic dynamics of globalization. I construct a Solow-style endogenous model of capital accumulation, technological change, trade and foreign direct investment (FDI), based on myopic agents. Combining advanced technologies with low labor costs, FDI yields extraordinary profits that generate asymmetric innovation incentive...

The measure of value called emergy is used to evaluate the flows of energy and resources that sustain the biosphere including the economy of humans. A donor system of value based on solar emergy required to produce things is suggested as the only means of reversing the logic trap inherent in economic valuation, which suggests that value stems only from utilization by humans. The stocks of natur...

Buckley & Strange (2015) have highlighted the major changes in the global location of economic activity over the past 30 years, with the emerging economies assuming greater shares relative to the advanced economies. They noted that the major drivers of these changes included inter alia economic restructuring and market liberalization in many countries in Asia, Eastern Europe and elsewhere; fina...

Labour migration is a pervasive feature of economic development. People mobility for temporary or permanent labour purposes is a routine part of agricultural activity. There are very significant migration flows in some developing areas, with considerable impacts on individuals, households and regions at origin. Despite the growing debate about motivations and impacts of recent migration flows, ...

A model is presented in this work for simulating endogenously the evolution of the marginal costs of production of energy carriers from non-renewable resources, their consumption, depletion pathways and timescales. Such marginal costs can be used to simulate the long term average price formation of energy commodities. Drawing on previous work where a global database of energy resource economic ...