相关论文: EconoThermodynamics, or the world economy "thermal…
Thermodynamics is commonly presented as a theory of macroscopic systems in stable equilibrium, built upon assumptions of extensivity and scaling with system size. In this paper, we present a universal formulation of the elementary…
The paradoxes of thermodynamics and statistical physics are unavoidable in the study of physical paradoxes because of their importance at the time they came to be as well as the frequency of their appearance in historical studies of…
The population dynamics and stability of ecosystems of interacting species is studied from the perspective of non-equilibrium thermodynamics by assuming that species, through their biotic and abiotic interactions, are units of entropy…
This paper is a non-technical, informal presentation of our theory of the second law of thermodynamics as a law that is independent of statistical mechanics and that is derivable solely from certain simple assumptions about adiabatic…
By treating the financial market as a thermodynamic system, we establish a one-to-one correspondence between thermodynamic variables and economic quantities. Measured by the expected loss under the worst-case scenario, financial risk caused…
The present paper analyses the formal parallelism existing between the laws of thermodynamics and some economic principles. Based on previous works, we shall show how the existence in Economics of principles analogous to those in…
We investigate the laws of thermodynamics in an accelerating universe driven by dark energy with a time-dependent equation of state. In the case we consider that the physically relevant part of the Universe is that envelopped by the…
It is shown that the Gibbs paradox is actually paralogism, viz. an erroneous statement sounding credible due to the statistic-mechanical interpretation of entropy as a measure of "any and all" irreversibility. As an alternative, the…
We develop the laws of thermodynamics in terms of general exponential families. By casting learning (log-loss minimization) problems in max-entropy and statistical mechanics terms, we translate thermodynamics results to learning scenarios.…
This article derives prognostic expressions for the evolution of globally aggregated economic wealth, productivity, inflation, technological change, innovation and growth. The approach is to treat civilization as an open, non-equilibrium…
The irreversibility of the dynamics of the conservative systems on example of hard disks and potentially of interacting elements is investigated in terms of laws of classical mechanics. The equation of the motion of interacting systems and…
In this paper are made some considerations of the application of phenomenological thermodynamics in risk analysis for the transaction on financial markets, using the concept of economic entropy and the macrostate parameter introduced by us…
Concepts of everyday use like energy, heat, and temperature have acquired a precise meaning after the development of thermodynamics. Thermodynamics provides the basis for understanding how heat and work are related and with the general…
The microscopic explanation of entropy has been challenged from both experimental and theoretical point of view. The expression of entropy is derived from the first law of thermodynamics indicating that entropy or the second law of…
The proper definition of entropy is fundamental to the relationship between statistical mechanics and thermodynamics. It also plays a major role in the recent debate about the validity of the concept of negative temperature. In this paper,…
In this paper we attempt to introduce an econophysics approach to evaluate some aspects of the risks in financial markets. For this purpose, the thermodynamical methods and statistical physics results about entropy and equilibrium states in…
This paper is the second part of a previous paper (Marquet, 2019) dealing with the need to define the entropy with an absolute way, by using the third law of thermodynamics. In this second part it is shown that there is a need and interest…
The report attempts of apply econophysics concepts to the Eurozone crisis. It starts by examining the idea of conservation laws as applied to market economies. It formulates a measure of financial entropy and gives numerical simulations…
Econophysics is a new area developed recently by the cooperation between economists, mathematicians and physicists. It's not a tool to predict future prices of stocks and exchange rates. It applies idea, method and models in Statistical…
It is still common wisdom amongst economists, politicians and lay people that economic growth is a necessity of our social systems, at least to avoid distributional conflicts. This paper challenges such belief moving from a purely physical…