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Entropy of economy

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  • Yuri Maksimenko

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Abstract

The notion of entropy is described in its application to an economy. Its similar and different features as compared to thermodynamics are considered. Density of energy is shown to determine the type of control. Illustrative examples are given. The optimal control is shown to be impossible at present.

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Bibliographic Info

Paper provided by Maksimenko Yu.F. in its series Non-monetary economics with number 0008.

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Date of creation: Sep 2001
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Handle: RePEc:mce:nonmon:0008

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Keywords: Energy;

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