The main laws of thermodynamics are explained with respect to economics. Expressions like entropy, exergy, anergy, inner energy and free energy are defined qualitatively as well as quantitatively for the economy. The first and the second law are quantitatively deductes for their application on...

The world temperature will increase at the end of the present century by about 6 °C or more. It is expected that the ice on the Antarctic continent melts within the next generations as well as the ice of Greenland. As a consequence the ocean level may raise up to even 60 meters, not only 2...

On the basis of the First and second Law of Thermodynamics in the Economy and the Gibbs-Equation of Thermodynamics, Economic Equations are developed of the Inner Energy, the Entropy and the Free Energy (Value Added) of multiple economic systems to calculate the risks of investing in a merger and...

On a phenomenological and a quantitative basis it is possible to proof the validity of the First and Second Law of Thermodynamics in the Economy. On the basis if the First Law important conclusions can be drawn for the course of daily economic problems. The basic State Function of the Second...

This is a basic introduction on the money (or cash) generation applying the second law of thermodynamics. As the result of any economic process we observe an increase of the entropy of the magnitude of the value added. Based on this relation it is possible to calculate the necessary money...

We have to consider that natural laws dictate all aspects of our life. These are the First and the Second Law of Thermodynamics. It is therefore necessary to look into details of this fact in order to avoid making mistakes redarding the future life of mankind. To violate these laws could have...

The world population doubles within the next two generations from 7 up to 13/14 billion people with decreasing growth rates. The consumption of fossil resources of raw material and energy increases accordingly. Oil and natural gas will be exhausted irreversible in less than two generations...

Based on the Publications of the IPCC Working Groups I to III the question of the influence of the entropy increase since the industrialization around 1750 on the current climate development is answered both in general terms as well as through a first quantitative approach. It is shown that the...

About 80 years ago Fredderick Soddy was probably the first scientist pointing out the importance of the second law of thermodynamics in the economy. Up today the majority of economists don't pay any attention to this fact, proved in the mean time quantitatively. The present world financial...

Basic thermodynamic calculations lead to the reliable result that the primary energy consumption (PEC) is the main origin of the observed temperature increase of the earth climate. The CO2 greenhouse gas influence plays comparably no decisive role. Based on the second law of thermodynamics the...