Routine action', a form to take action, is widely accepted in the economic field, because of its resource saving effect which contributes to average cost degression. However, from an entropic point of view, each form of acting requires decision making in regard to consumption of resources and...

In this paper, we present a way that allows to make fundamental statements about how economic action entails harmful effects on the environment. These effects are due to natural scientific reasons and are particularly present in the industrialised economy. The starting point of our...

In diesem Beitrag stellen wir einen Weg vor, der es erlaubt, grundsätzliche Aussagen darüber zu treffen, dass wirtschaftliches Handeln schädliche Auswirkungen auf die Umwelt mit sich bringt. Diese Auswirkungen sind naturwissenschaftlich bedingt und treten insbesondere in der...

Current theories of the discount rate have a theoretical basis focused on risk; risk-free rate and risk premium. The basic component of the discount rate, the risk-free rate as purely empirical has a natural infirmity which consequently weakens the final theory. Similarly, the risk premium...

Anthropogenic production and operating activities give off heat and emit thermal infrared radiation (TIR) as a fundamental result of the laws of thermodynamics. This study examines whether the strength of TIR measures the dynamics of economic activities and development. Using satellite data on...

‘Routine action’, a form to take action, is widely accepted in the economic field, because of its resource saving effect which contributes to average cost degression. However, from an entropic point of view, each form of acting requires decision making in regard to consumption of resources...

Living organisms are as much subject to entropy than inorganic matter is. Human culture and its products are no exception. We show how ethological and psychological phenomena like mimetism, economic phenomena like monopolies, and belief systems like monotheism, follow the 2nd Law of Thermodynamics

In the present paper, a multi-target temperature ejector-expansion subcooler vapor-injection (MTES) refrigeration cycle is proposed in order to improve the performance of natural fluid CO2 refrigeration cycles. In this respect, a thermodynamics model to simulate a two-phase ejector cycle...

In this study, the AlFeNiTiZn high entropy alloy was successfully produced in powder form by the mechanical alloying process. Characterization of the ball-milled product by X-ray diffractometry (XRD), scanning electron microscopy along with energy dispersive spectroscopy (SEM-EDS), and...

This research study proposes a technique for the multi-objective optimization (MOO) of the energy, exergy, and economy (3E) factors in the context of a combined heat and power plant (CHPP) system. The rapidly increasing demand for energy necessitates improvements in plant equipment performance...

Up until now, entrepreneurship study has not developed a unified theory with key concepts that can elucidate the holistically process-driven characteristics of entrepreneurial venturing. What spur entrepreneurs to action along the process-driven pathway? This paper intends to relate the business...

Entrepreneurship researches started to have traction at the start of 1980 and underwent paradigmatic shift. However despite the varied veins of exploration from opportunities to innate traits, entrepreneurship literatures have yet developed a unifying conceptualization and theory with key...

1. From pre-history to the Crusades -- 2. From the Crusades to the Renaissance -- 3. The Protestant work ethic and the rise of capitalism as Gods work -- 4. The Enlightenment: From Leonardo to Galileo -- 5. The rise of the East India Trading Companies -- 6. The “glorious revolution” and the...

Within firms diverse fields of action are regarding the transformation of material and immaterial resources. The dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has been considered by the paper. From a social system...

Uranyl, a strong Lewis acid, forms stable complexes with relatively hard donors and it is commonly believed that uranyl complex with trialkylamine is stabler than trialkylphosphine. However, there are no thermodynamic parameters to evaluate the complexation stabilities of R 3 N-UO 2 2+ and R 3...

Within firms diverse fields of action are regarding the transformation of material and immaterial resources. The dimension of choices is being determined by the basic laws of thermodynamics. The entropic relevance of action within a firm has been considered by the paper. From a social system...

The present days can be considered a crossroad in the history of our world because the economic, social, and environmental needs do not agree one another. The result is the present socio-economic difficulties, from which it seems very difficult to escape. A new viewpoint must be introduced, but...

This article is the second one in a series of publications representing the natural science foundations of macroeconomics. Classical thermodynamics is the most important natural science justification for physical macroeconomics. The general properties of the global economy, as compared with the...

The article develops a complex interdisciplinary paradigm, or rather a multiparadigm of bioeconomics, exemplifying the necessary role and the broader horizon of multidisciplinarity through bioeconophysics, in the context of (bio)diversity and modern morality, in a logically investigative and...

MINE - Mapping the Interplay between Nature and Economy is a digital archive and visual map showing the intersection between nature and economy. By focusing on the interconnections between fundamental concepts e.g. of time, thermodynamics, evolution, responsibility and justice, a new concept of...

MINE - Mapping the Interplay between Nature and Economy is a digital archive and visual map showing the intersection between nature and economy. By focusing on the interconnections between fundamental concepts e.g. of time, thermodynamics, evolution, responsibility and justice, a new concept of...

The article develops a complex interdisciplinary paradigm, or rather a multiparadigm of bioeconomics, exemplifying the necessary role and the broader horizon of multidisciplinarity through bioeconophysics, in the context of (bio)diversity and modern morality, in a logically investigative and...

The firms and markets of today's complex socio-economic system developed in a spontaneous process termed evolution, in just the same way as the universe, the solar system, the Earth and all that lives upon it. Darwin's theory of evolution clearly demonstrated that evolution involved increasing...

"Analyzing the self-sufficient Danish island of Samsø, this book explains sustainability through a biogeophysical understanding of how to best use Earth's limited resources to achieve true sustainability. The method used derives from the thermodynamic function of exergy. By analyzing exergy...

This is Volume 13b in the OECD Nuclear Energy Agency (NEA) “Chemical Thermodynamics” series. It is the second part of a critical review of the thermodynamic properties of iron, its solid compounds and aqueous complexes, initiated as part of the NEA Thermochemical Database Project Phase IV...

Papers and monographs in ecological economics include references to Georgescu-Roegen's works on the thermodynamic nature of economic scarcity. Based on qualitative reasoning lacking precise definitions of thermodynamic systems and boundary conditions Georgescu-Roegen formulated several...

As a synthesis of economics and physics and an attempt to apply the methods and models of statistical physics to economics, econophysics is presently a new, growing and very dynamic branch of modern science. Therefore, the subject of this paper is to analyse the relationship and interdependence...

Der Autor registriert, dass die Menge der verantwortungsbewusst denkenden Menschen in zunehmendem Maße fühlt, dass offenbar in der menschlichen Gesellschaft – weltweit wie auch in Deutschland – „vieles klemmt“, ohne schlüssige Änderungsvorschläge unterbreiten zu können, was...

The distribution of firms’ growth and firms’ sizes is a topic under intense scrutiny. In this paper, we show that a thermodynamic model based on the maximum entropy principle, with dynamical prior information, can be constructed that adequately describes the dynamics and distribution of...

Culture is a complex non-linear system. In order to design computer simulations of cultural systems, it is necessary to break the system down into sub-systems. Human culture is modular. It consists of sets of people that belong to economic units. Access to, and control over matter, energy and...

Putting the world to work -- The birth of energy -- The novelty of energy -- A steampunk production -- A geo-theology of energy -- Work becomes energetic -- Energy, race, and empire -- Energopolitics -- The imperial organism at work -- Education for empire -- A post-work energy politics.

This paper explores general equilibrium consumption choices and interest rate determination in a two-period model in which the production side explicitly describes the thermodynamic process unavoidably connected with production, as argued by Georgescu Roegen. A simple energy based production...