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This paper presents a conceptual model describing the medium and long-term co-evolution of natural and socio-economic subsystems of Earth. An economy is viewed as an out-of-equilibrium dissipative structure that can only be maintained with…

综合经济学 · 经济学 2022-05-09 Éric Herbert , and Gael Giraud , Aurélie Louis-Napoléon , Christophe Goupil

The application of principles of thermodynamics and statistical mechanics to economic systems is considered in a broad historical perspective, extending from prehistoric times to the present day. The hypothesis of maximum entropy production…

统计力学 · 物理学 2007-05-23 Alastair D. Jenkins

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…

综合金融 · 定量金融 2015-02-03 Timothy J. Garrett

Halfway between the experiment and the focus group, between the quiz and a game, we have experienced a new format to "focus" on sustainability and the fundamental laws of thermodynamics and its principles. Concepts as reversibility,…

物理教育 · 物理学 2019-07-09 D. Domenici , G. Mazzitelli

We consider the thermodynamic approach to the description of economic systems and processes. The first and second laws of thermodynamics as applied to economic systems are derived and analyzed. It is shown that there is a deep analogy…

综合金融 · 定量金融 2021-02-03 Sergey Rashkovskiy

We present the relatively less known thermodynamic concept of exergy in the context of ecology and sustainability. To this end, we first very briefly outline thermodynamics as it arose historically via engineering studies. This enables us…

科普物理 · 物理学 2012-05-09 Göran Wall , Dilip G. Banhatti

Entropy is a very useful concept from physics that tries to explain how a system behaves from a point of view of the thermodynamics. However, there are two ways to explain entropy, and it depends on if we are studying a microsystem or a…

综合金融 · 定量金融 2024-07-02 Martin Pomares Calero

The paper present one of attempts to apply the thermodynamics laws to economics. Introducing common thermodynamic parameters and considering world economics as a one macrosystem, authors demonstrate the possible consequences of entropy…

物理与社会 · 物理学 2008-07-03 A. M. Tishin , O. B. Baklitskaya

The green area of economy is the key of healthy living. It is necessary to convene economic and ecologic framework to establish a market attentive to drastic reduction of emissions damaging our climate and landscapes in rural areas, to the…

综合金融 · 定量金融 2011-03-01 Corina-Maria Ene , Anda Gheorghiu , Cristina Burghelea , Anca Gheorghiu

Entropy serves as a central observable in equilibrium thermodynamics. However, many biological and ecological systems operate far from thermal equilibrium. Here we show that entropy production can characterize the behavior of such…

统计力学 · 物理学 2015-03-17 Benjamin Andrae , Jonas Cremer , Tobias Reichenbach , Erwin Frey

Persistent economic competition is often justified as a mechanism of innovation, efficiency, and welfare maximization. Yet empirical evidence across disciplines reveals that competition systematically generates fragility, inequality, and…

理论经济学 · 经济学 2025-06-16 Marcelo S. Tedesco , Gonzalo Marquez

The second law of thermodynamics implies a relationship between the net entropy export by the Earth and its internal irreversible entropy production. The application of this constraint for the purpose of understanding Earth's climate is…

大气与海洋物理 · 物理学 2022-01-19 Martin S. Singh , Morgan E O'Neill

A thermodynamic approach to the description of economic systems and processes is developed. It is shown that there is a deep analogy between the parameters of thermodynamic and economic systems (markets); so each thermodynamic parameter can…

综合物理 · 物理学 2021-08-18 Sergey Rashkovskiy

The purpose of this study is to consider the near future of civilization in the framework of thermodynamics. Kardashev's proposal to evaluate the development of celestial civilizations by the amount of energy they are able to use was…

物理与社会 · 物理学 2021-07-12 Vladimir Kh. Dobruskin

In abstract terms, ecosystem ecology is about determining when two ecosystems, superficially different, are alike in some deeper way. An external observer can choose any ecosystem property as being important. In contrast, two ecosystems are…

种群与进化 · 定量生物学 2017-07-12 Matthew Spencer

A few considerations on the nature of Economics and its relationship to human communities through the prism of Self-Organizing-Systems.

其他计算机科学 · 计算机科学 2011-11-10 Louis Mello

This is an invited article for the Discussion and Debate special issue of The European Physical Journal Special Topics on the subject "Can Economics Be a Physical Science?" The first part of the paper traces the personal path of the author…

经济学 · 定量金融 2017-03-22 Victor M. Yakovenko

Exergy is a thermodynamic quantity useful to obtain information on the work from any process. The analyses of irreversibility are important in the designing and development of the productive processes for the economic growth, but they play…

应用物理 · 物理学 2017-10-03 Umberto Lucia , Giulia Grisolia

Abstract: The rising global temperatures caused by climate change significantly impact energy consumption and electricity generation. Fluctuating temperatures and frequent extreme weather events disrupt energy production and consumption…

物理与社会 · 物理学 2024-12-18 MohammadReza Askari , Navid Parsa

Waste heat production represents an inevitable consequence of energy conversion as per the laws of thermodynamics. Based on this fact, by using simple theoretical models, we analyze constraints on the habitability of Earth-like terrestrial…

地球与行星天体物理 · 物理学 2025-01-27 Amedeo Balbi , Manasvi Lingam
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