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What is Marxian Economics

Chapter 2
Technological Development and Impact on Economic and Environmental Sustainability
The school of economics is based on the work of Karl Marx, in which labor creates and grows capital in the process of capital accumulation. The theory holds that the value of goods and services includes not only the cost of labor (wages) and the cost of capital (machinery, tools, and materials), but that there is also surplus labor in the value of a commodity, and that labor is the source of labor. Profit becomes capitalist. This school takes a critical look at the classical approach based on Adam Smith’s theory of productivity and wages.
Published in Chapter:
Assessing Climate Change and Predicting Its Effect on Efficiency and Heat Rate of Thermal Power Plants in 2050
Nima Norouzi (Bournemouth University, UK)
Copyright: © 2022 |Pages: 16
DOI: 10.4018/978-1-7998-9648-7.ch002
Abstract
Numerous studies on climate change have been conducted in different parts of the world, and many studies have examined the effect of changes in meteorological parameters on the performance of the energy sector. In this study, using the results of climate change calculations in the provinces of Iran, which are obtained from the microscale exponential method with a neural network, its effect on the performance of the energy production sector in the country's power plants in the next decade has been investigated. Calculations show that, on average, the efficiency of gas power plants decreases by about 0.6% for every 1oC increase in temperature. Also, the efficiency of heating and combined power plants decreases by about 0.5 and 0.4% on average. This chapter is aimed to use the P-index reliability index to study the climate change impacts on the thermal power plant performance.
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