The thermodynamics of mineral wealth, fossil fuels and drugs
A first lesson, taken strictly from ecological economics and its use of thermodynamic laws, is very telling about the history of resource exploitation in Latin America and the Caribbean. Energy quality and energy surpluses often determine the development of social and cultural patterns, and the unidirectional character of energy can dictate the economic and social arrangements through which wealth accumulation occurs in society.1,2 Consider the unidirectional flow of water (and…
