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Thermoeconomics Chapter 3 Thermodynamic Processes

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Author Info
John Bryant () (Vocat International)

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Abstract

Draft chapter from a forthcoming book entitled Thermoeconomics, which deals with the relationships between the disciplines of thermodynamics and economics. Chapter 1 covers historical research on the disciplines, the structural comparisons between of the ideal gas equation and the quantity theory. Chapter 2 concerns a general stock model that can be adapted to represent those of money, labour and economic output. Chapter 3 deals with economic representations of the first and second laws of thermodynamics, work done, internal value and entropic value, reversibility, entropy, particular economic processes and utility. Chapter 4 concerns a thermodynamic representation of production processes and reaction kinetics. Chapter 5 constructs a thermodynamic money system, using historical data of the UK and USA economies to provide empirical analysis. Particular aspects covered include elastic relationships, entropy, interest rates and yield. Chapter 6 describes aspect of labour and unemployment. Chapter 7 describes the principles of entropy and maximisation, the structure of economic cycles, efficiency criteria and measurement problems. Chapter 8 sets out analyses of world energy and climate change to illustrate empirically some of the principles covered by the book.

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File URL: http://www.vocat.co.uk/TECH32009.pdf
File Format: application/pdf
File Function: Draft version
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Publisher Info
Paper provided by Economic Consultancy, Vocat International in its series Working Papers with number tech32009.

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Length: 22 pages
Date of creation: Jun 2009
Date of revision:
Handle: RePEc:voc:wpaper:tech32009

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Web page: http://www.vocat.co.uk

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Related research
Keywords: Thermodynamics; economics; Le Chatelier; entropy; utility; money; equilibrium; value; energy; interest;

Find related papers by JEL classification:
A1 - General Economics and Teaching - - General Economics
C02 - Mathematical and Quantitative Methods - - General - - - Mathematical Economics
C68 - Mathematical and Quantitative Methods - - Mathematical Methods and Programming - - - Computable General Equilibrium Models
D5 - Microeconomics - - General Equilibrium and Disequilibrium
E - Macroeconomics and Monetary Economics
O1 - Economic Development, Technological Change, and Growth - - Economic Development

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This page was last updated on 2009-11-8.

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