The present debate on the problem of natural resources exhaustion and contamination levels generated by economic activity has gone beyond the field of economic growth. This work intends to use the Ramsey model (1928), and evaluate the behavior of relevant variables in a society, when they are...

It has been well-known since the pioneering work of Claude Shannon in the 1940s that a message transmitted with optimal efficiency over a channel of limited bandwidth is indistinguishable from random noise to a receiver who is unfamiliar with the language in which the message is written. In this...

The two notions of temporal and thermodynamic irreversibility are distinguished. It is shown that the irreversibility concept of Arrow-Debreu, while establishing temporal irreversibility, does not encompass thermodynamic irreversibility. This means, the standard irreversibility concept of...