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Economies are open systems embedded in an ecosystem with which they exchange matter and energy. Interactions among these systems are vital for each system's performance and are constrained by the laws of physics. This volume pays tribute to economy--environment interactions simultaneously from...
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The BoltzmannGibbs distribution is currently widely used in economic modeling. One of the applications is integrated with the DSGE (Dynamic Stochastic General Equilibrium) model. However, a question that arises concerns whether the BoltzmannGibbs distribution can be directly applied, without...
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This extraordinary book provides a critical review of the work of Nicholas Georgesçu-Roegen in conventional economics, environmental economics and methodology. Particular attention is paid to the role of thermodynamics in Georgesçu-Roegen's economics
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contributions to the economic theory of utility and production and is considered to be one of the founders of modern mathematical …
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-- 11. Energetics -- 12. Evolutionary theory and genetics -- 13. Entropy, exergy, information and complexity -- 14. The … energy, and that energy is required (consumed) for any material transformation, or information transmission. The labor theory …
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The Water Use Model -- Conceptual Foundations: Thermodynamics and Capital Theory -- General Design of Dynamic Models … economic theory, natural sciences, and engineering practice. Based on an extended thermodynamic approach, the authors explain …
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