This paper develops a thermodynamic input-output (TIO) model of the 1997 United States economy that accounts for the flow of cumulative exergy in the 488-sector benchmark economic input-output model in two different ways. Industrial cumulative exergy consumption (ICEC) captures the exergy of all natural resources consumed directly and indirectly by each economic sector, while ecological cumulative exergy consumption (ECEC) also accounts for the exergy consumed in ecological systems for producing each natural resource. Information about exergy consumed in nature is obtained from the thermodynamics of biogeochemical cycles. As used in this work, ECEC is analogous to the concept of emergy, but does not rely on any of its controversial claims. The TIO model can also account for emissions from each sector and their impact and the role of labor. The use of consistent exergetic units permits the combination of various streams to define aggregate metrics that may provide insight into aspects related to the impact of economic sectors on the environment. Accounting for the contribution of natural capital by ECEC has been claimed to permit better representation of the quality of ecosystem goods and services than ICEC. The results of this work are expected to permit evaluation of these claims. If validated, this work is expected to lay the foundation for thermodynamic life cycle assessment, particularly of emerging technologies and with limited information. (c) 2006 Elsevier Ltd. All rights reserved.