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Thermoeconomics: A Thermodynamic Approach to Economics (Second Edition)
A book by: John Bryant
Copyright: John Bryant VOCAT International Ltd
This second edition of the book explores in depth relationships between the disciplines of economics and thermodynamics, and stems from previous peer-reviewed papers published by the author, and follow up working papers.
Chapter 1 Introduction
covers historical research on the disciplines, and structural comparisons between the ideal gas equation and the quantity theory.
Chapter 2 Stock & Flow Processes
concerns a general stock model that can be adapted to represent those of money, labour and economic output.
Chapter 3 Thermodynamic Principles
deals with economic representations of the first and second laws of thermodynamics, work done, internal value and entropic value, reversibility, entropy, particular economic processes and utility.
Chapter 4 Production Processes
concerns a thermodynamic representation of production processes and reaction kinetics.
Chapter 5 Money
constructs a thermodynamic money system, using historical data of the UK and USA economies to provide empirical analysis. Particular aspects covered include elastic relationships, entropy, interest rates, bond yield and spread.
Chapter 6 Labour & Unemployment
concerns the relationship of economic entropy to unemployment, using historical data of the UK and USA economies to provide empirical analysis.
Chapter 7 Entropy, Maximisation and the Cycle
describes the principles of entropy and maximisation, the structure of economic cycles, and efficiency criteria.
Chapter 8 Energy, Resources and the Economy
sets out analyses of world energy and climate change to illustrate empirically some of the principles covered by the book.
Chapter 9 Thermoeconomics and Sustainability
concerns sustainability.
Buy the Book
UK/Europe:
http://www.amazon.co.uk/Thermoeconomics-Thermodynamic-Approach-Economics-Second/dp/0956297528
USA:
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Some of the chapters can be viewed via the following links.The author retains full copyright of the material, and these downloads may only be used for private use and are not for redistribution elsewhere by the users.
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