Capital, Revenue and the Non-equilibrium Thermodynamics of Value

Inbunden, Engelska, 2026

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Beskrivning

This comprehensive book examines the concept of value as it applies to the ‘Ricardian machine’: the physical system in which commodities are produced by means of commodities. Clair Quentin answers the fundamental question: how can the growth of this system be objectively measured?Quentin deploys the notion of thermodynamic depth, exploring its relationship to labour and how it relates to commodities. They explore key concepts such as entropy, physical and social surplus, the idea of capital as a biophysical system and the function of things falling outside the system such as intangible assets and the state.Capital, Revenue and the Non-equilibrium Thermodynamics of Value is a crucial resource for scholars and students of economics, particularly those in the fields of political, legal, post-keynesian and biophysical economics, as well as economic methodology.

Produktinformation

Utgivningsdatum:2026-02-17
Mått:156 x 234 x undefined mm
Format:Inbunden
Språk:Engelska
Serie:New Directions in Modern Economics series
Förlag:Edward Elgar Publishing Ltd
ISBN:9781035359998

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Mer om författaren

Clair Quentin, Lecturer, School of Social Sciences and Humanities, Loughborough University, UK

Recensioner i media

‘Quentin’s book represents a radical departure from existing ways of understanding a biosphere in epochal crisis. It asks: what if the system driving global inequality and ecological catastrophe – capital – is a thing? And what if that thing, alien to our biosphere as conventionally understood, is alive – not as a metaphor, but as something literally, “xenobiologically” true?’

Innehållsförteckning

ContentsPreface PART I THE NON-EQUILIBRIUM THERMODYNAMICS OF VALUE1 Introduction to the non-equilibrium thermodynamics of value 2 Thermodynamic depth and physical surplus 3 Thermodynamic depth and social surplus 4 The xenobiology of capital PART II CAPITAL AND REVENUE5 The organism–environment boundary of capital 6 The revenue function of intangible assets 7 The revenue function of the state 8 Value theory, politics and policy References