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Powering the economic growth engine

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Uploaded by on Sep 16, 2009

It has been a key driving force, powering economies since the Industrial Revolution, yet it continues to take a backseat to other heavily-touted engines of growth, most recently consumer spending. In a new book, INSEADs Robert Ayres, Emeritus Professor of Economics and Political Science and Technology Management, and Senior Research Fellow Benjamin Warr say that economists are missing out on a major growth driver for the economy and that is energy as converted to useful work".

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