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Thermoeconomics: A Thermodynamic Approach to Economics
A book by: John Bryant
Copyright: John Bryant VOCAT International Ltd
This book explores in depth relationships between the disciplines of economics and thermodynamics.
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 and yield.
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.
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