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1 sie 1998 · The laws of physics, especially the first and second laws of thermodynamics, have significant implications for economic theory. The major implications of the First Law (conservation of mass/energy) are straightforward and have been discussed at length elsewhere.
Econophysics is a non-orthodox (in economics) interdisciplinary research field, applying theories and methods originally developed by physicists in order to solve problems in economics, usually those including uncertainty or stochastic processes and nonlinear dynamics.
1 mar 2022 · This article has explored the contribution of energy law to the energy transition and to research into it by explaining what energy law is, how it connects and interacts with energy research and how it can facilitate, restrict and steer the energy transition.
For survival and growth, the energy output of food from the fields must be larger than the energy input for work; the energy balance must be positive for each cycle. Only a positive net output leads to survival and growth; a continued negative net output would eventually lead to death.
Energy is ‘that-which-is-conserved’ and ‘the work done by a force’. The first definition brings in the different mathematical forms for energy, but neither one-liner clinches it. The energy view is contrasted with the force view.
Reconsiders economics from the perspective of natural laws. Shows how energy and its conversion into physical work accounts for most of the growth that mainstream economics attributes to technological progress and related concepts. Describes energy needs and options for the future.
30 wrz 2021 · The power-law distributions studied by econophysicists can reflect anti-entropic forces is emphasized to show how entropic and anti-entropic forces can interact to drive economic dynamics, such as in the interaction between business cycles, financial markets, and income distributions.
