Bernard C. Beaudreau

Energy and Organization Bernard C. Beaudreau

Provides an alternative approach to modeling material processes in economics. Argues that material wealth (GDP) is an increasing function of two universal factor inputs, namely broadly-defined energy and broadly-defined organization. Uses the results to examine the productivity slowdown, the ICT revolution and the phenomenon of outsourcing. The latter is attributed to a desire on the part of firms/shareholders to capture a greater share of the relevant energy rents.