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SUMMARY:Economic cycles\, wealth accumulation and energy use by Prof. Robe
 rt U. Ayres
DTSTART:20181122T120000
DTEND:20181122T133000
DTSTAMP:20260929T062102Z
UID:9804c237111b40e64ac413a688fdedbecd6a56f1b2dae5ab9ccf8c95
CATEGORIES:Conferences - Seminars
DESCRIPTION:We are very pleased to welcome Robert U. Ayres at EPFL. INSEAD
  Emeritus Professor\, Visiting Professor Chalmers University Gothenburg (S
 weden)\, Professor Ayres joined INSEAD in 1992 as the first Chair of Manag
 ement and the Environment\, as well as the founder of CMER. He directed CM
 ER from 1992-2000\, when he retired. He remains an active member of INSEAD
 \, producing numerous publications on topics ranging from Industrial Metab
 olisms and Industrial Ecology\, through Environmental Policy and Technolog
 y Evaluation\, Economic Growth and Environmental Regulation\, Environmenta
 l Economics\, to Eco-restructuring.\nProfessor Ayres will talk about an ap
 plication of the theory of wealth discussed previously by Ayres and Martin
 as (see e.g. Ayres & Martinas 1996). His objective is to explain the “bo
 om-bust” behavior of the economic system in a way that might be useful i
 n the future for forecasting and policy purposes. He demonstrate a growth 
 theory for wealth analogous to the Solow model\, for a group of countries\
 , normalized to the work of Piketty in monetary terms (Piketty et al. 2014
 ). They also utilize and expand on the work of  Dincer and others (Dincer
  2002)\, expressing aggregate wealth in physical (energy) terms\, consiste
 nt with the ideas expressed nearly three centuries ago by the French physi
 ocrats\, later by Frederick Soddy (Soddy 1933) and more recently by a numb
 er of people with science backgrounds\, including one of the authors.
LOCATION:GR A3 32 https://plan.epfl.ch/?room==GR%20A3%2032
STATUS:CONFIRMED
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