Bryant, John - Economic Consultancy, Vocat International - 2007
, 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 …