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, temperature, entropy, work done, specific heat and the 1st and 2nd Laws of Thermodynamics. The law of diminishing marginal utility … cycle efficiency, growth and entropy gain. A thermodynamic model of a money system is set out, and an attempt is made to … relate interest rates, the rate of return, money demand and the velocity of circulation to entropy gain. Aspects concerning …
Persistent link: https://www.econbiz.de/10005558782
This paper develops further a model of the economic process, first set out as part of a paper by the author in 2007, concerning the application of thermodynamic laws to economics. The paper sets out relationships between economic output and capital, labour, resource and waste stocks, with...
Persistent link: https://www.econbiz.de/10005558783
Persistent link: https://www.econbiz.de/10005558787
Persistent link: https://www.econbiz.de/10005558788
development, the distribution of income, first and second laws of thermodynamics, economic processes, elasticity, entropy and …-up working papers and a previous book Thermoeconomics. Topics covered include entropy processes in the world, a history of human … analysis of renewable and non-renewable resources, climate change and a discussion of sustainability. …
Persistent link: https://www.econbiz.de/10011204499
laws of thermodynamics, economic processes, elasticity, entropy and utility, production processes, reaction kinetics …, empirical monetary analysis of UK and USA economies, interest rates, bonds, yield curves, yield spread, unemployment, entropy …, and lastly a discussion of sustainability …
Persistent link: https://www.econbiz.de/10011204500
-- 11. Energetics -- 12. Evolutionary theory and genetics -- 13. Entropy, exergy, information and complexity -- 14. The …
Persistent link: https://www.econbiz.de/10014250242
primarily with energy is called thermodynamics. The study of thermodynamics yields the central link between economic activity … and its environmental impact. Understanding basic insights of thermodynamics enables decision-makers in environmental … connection between physical work and heat. Then we explain the two main Laws of Thermodynamics and go into detail about the …
Persistent link: https://www.econbiz.de/10013549677
Persistent link: https://www.econbiz.de/10012199780
sustainability using spatial-based metrics. In the future, the use of such metrics may broaden the adoption and consistent …. Such variability can pose substantial uncertainty and risks in the use of agricultural sustainability decision …
Persistent link: https://www.econbiz.de/10011656493