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Energy, urbanization, and complexity : towards a multi-scale ecological economic theory of innovation

Menegat, Stefano - In: Ecological economics 222 (2024), pp. 1-11

Persistent link: https://www.econbiz.de/10015045903

Validity of Thermodynamic Models in Economics

Kovalev, Andrey - 2016

thermodynamics" being an altered version of the classical 2nd law of thermodynamics. Despite an almost unanimous negative perception … thermodynamics.The example of thermoeconomic optimization shows that incorporation of thermodynamics into economic analysis without …

Persistent link: https://www.econbiz.de/10012987292

The Thermodynamics of the Economy

Huang, Feng; Zhang, Bohui; Zhao, Xiaofeng - 2023

fundamental result of the laws of thermodynamics. This study examines whether the strength of TIR measures the dynamics of …

Persistent link: https://www.econbiz.de/10014351415

Misuse of Thermodynamic Entropy in Economics

Kovalev, Andrey - 2015

Entropy cannot be used as a measure of economic scarcity and references to the second law of thermodynamics in …

Persistent link: https://www.econbiz.de/10014134211

Generalized Second Law of Thermodynamics and its Applications in Social Science

Wayne, James - 2014

great importance in physics, the second law of thermodynamics can only successfully explain small percentages of these arrow … of thermodynamics can neither explain arrow-of-time phenomena like Darwin’s evolution in biological systems, nor the … defined and the second law of thermodynamics is not useful for studying the Darwinian evolution and human society. While the …

Persistent link: https://www.econbiz.de/10014140937

Thermodynamics of Firms' Growth

Zambrano, Eduardo; Hernando, Alberto; Bariviera, Aurelio F. - 2015

The distribution of firms’ growth and firms’ sizes is a topic under intense scrutiny. In this paper, we show that a thermodynamic model based on the maximum entropy principle, with dynamical prior information, can be constructed that adequately describes the dynamics and distribution of...

Persistent link: https://www.econbiz.de/10014132154

Thermodynamics and Gradient Manipulation Mechanism in Entrepreneurial Actions

Leong, David - 2021

Entrepreneurship researches started to have traction at the start of 1980 and underwent paradigmatic shift. However despite the varied veins of exploration from opportunities to innate traits, entrepreneurship literatures have yet developed a unifying conceptualization and theory with key...

Persistent link: https://www.econbiz.de/10013211219

Nicholas Georgescu-Roegen : development economist

Suprinyak, Carlos Eduardo - In: Journal of the history of economic thought 44 (2022) 2, pp. 205-225

Persistent link: https://www.econbiz.de/10013270459

Causal entropic forces, narratives and self-organisation of capital markets

Bocher, Romain - In: Journal of interdisciplinary economics 35 (2023) 2, pp. 172-190

Persistent link: https://www.econbiz.de/10014365818

Thermodynamik - grundlegende Einsichten für ein Verständnis von Umweltproblemen

Faber, Malte; Rudolf, Marco; Frick, Marc; Becker, Mi-Yong - 2023

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