O perspectiva entropica asupra crizelor economice
[An entropic perspective on economic crises]
AbstractThe premise from which we start is that the main cause of economic crises is the constant attempt to create, what Georgescu-Roegen called, "entropy of contraband." The phrase refers to a fictional creation of an energy that does not exist. To prove this we describe the major crises that have hit the economy, we make an analogy between energy flows described by the laws of thermodynamics and monetary flows, and finally to consider whether this analogy is correct. Likely outcome is that without a redefinition of our values and the concept of economic growth, global economy will continue to experience seizures.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 33584.
Date of creation: 2011
Date of revision:
criza economică; legea entropiei;
Find related papers by JEL classification:
- N10 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - General, International, or Comparative
- E32 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Business Fluctuations; Cycles
- E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
- Q01 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - General - - - Sustainable Development
- G01 - Financial Economics - - General - - - Financial Crises
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-12-19 (All new papers)
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