Physical foundations of economics: analytical thermodynamic theory
โ Scribed by Jing Chen
- Book ID
- 127397626
- Publisher
- World Scientific Publishing Company
- Year
- 2005
- Tongue
- English
- Weight
- 842 KB
- Edition
- 2
- Category
- Library
- ISBN
- 9812703411
No coin nor oath required. For personal study only.
โฆ Synopsis
All human activities, including mental activities, are governed by physical laws and are essentially thermodynamic processes. However, current economic theories are not established on these foundations. This pioneering book seeks to develop an analytical theory of economics on the foundation of thermodynamic laws. A unified understanding of economic and social phenomena is presented, an understanding that is much simpler than what mainstream economic theory has to offer. Its aim is to revolutionize thinking in economics and transform social sciences into an integral part of the physical and biological sciences.
๐ SIMILAR VOLUMES
Professor Roemer's goal in this book is to give a rigorous view of classical Marxian economic theory by presenting specific analytic models. The theory is not extended to deal with new problems, but it is deepened: Marxian theory is given micro-foundations and upon those foundations the author begin