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The role of temperature in economic exchange : an empirical analysis
Dimitrijević, Bojan; Lovre, Ivan - In: Journal of central banking theory and practice 4 (2015) 3, pp. 65-89
Persistent link: https://www.econbiz.de/10011373218
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The Role of Temperature in Economic Exchange - An Empirical Analysis
Dimitrijević, Bojan; Lovre, Ivan - In: Journal of Central Banking Theory and Practice 4 (2015) 3, pp. 65-89
paper is to analyse the relationship and interdependence between thermodynamics and economics, and it aims to show … similarities, analogies and correspondence between the main categories, methods and models of thermodynamics on one hand, and … economics on the other. The paper analyses the relation between economics and thermodynamics, as well as the probability …
Persistent link: https://www.econbiz.de/10012217813
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Eine entropisch-ökonomische Analyse der "Routine"
Krcal, Hans-Christian - 2023
Routine action', a form to take action, is widely accepted in the economic field, because of its resource saving effect which contributes to average cost degression. However, from an entropic point of view, each form of acting requires decision making in regard to consumption of resources and...
Persistent link: https://www.econbiz.de/10014476185
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Entropie im System - die strukturelle Beschaffenheit der betrieblichen Kraftbasis
Krcal, Hans-Christian - 2020
dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has … decisional opportunity level is being discussed. It can be shown that from the perspective of thermodynamics the threat by …
Persistent link: https://www.econbiz.de/10012545955
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The making of a Schumpeterian economist: Nicholas Georgescu-Roegen
Bobulescu, Roxana - In: The European journal of the history of economic thought 19 (2012) 4, pp. 625-651
Persistent link: https://www.econbiz.de/10009685146
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Entropie im System - die strukturelle Beschaffenheit der betrieblichen Kraftbasis
Krcal, Hans-Christian - 2020
dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has … decisional opportunity level is being discussed. It can be shown that from the perspective of thermodynamics the threat by …
Persistent link: https://www.econbiz.de/10012297287
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The notion of entropy in an economic analysis : the classical examples and new perspectives
Vozna, Liudmyla Yu. - In: Journal of heterodox economics : JHE 3 (2016) 1, pp. 1-16
Persistent link: https://www.econbiz.de/10011917356
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Entropy, Extropy and the Physical Driver of Irreversibility
Grandpierre, Attila - In: Interdisciplinary Description of Complex Systems - … 10 (2012) 2, pp. 73-79
We point out that the fundamental irreversibility of Nature requires the introduction of a suitable measure for the distance from equilibrium. We show that entropy, which is widely held to be such a measure, suffers from the problem that it does not have a physical meaning, since it is...
Persistent link: https://www.econbiz.de/10010904416
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A Concise Introduction of the Extropy
Poor, Veronika - In: Interdisciplinary Description of Complex Systems - … 3 (2005) 2, pp. 72-76
The Clausian introduction of entropy is based on an unnecessary restriction, namely that diminishing circle integral leads to a unique state variable. Eliminating that restriction a family of entropy-like function is introduced. After we have chosen one, called extropy, which has better...
Persistent link: https://www.econbiz.de/10005082581
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Thermodynamic Measure for Nonequilibrium Processes
Martinás, Katalin; Grandpierre, Attila - In: Interdisciplinary Description of Complex Systems - … 5 (2007) 1, pp. 1-13
One of the most fundamental laws of Nature is formulated by the Second Law of Thermodynamics. At present, in its usual …
Persistent link: https://www.econbiz.de/10005082582