Economic / Environmental System Interaction
AbstractThis work is focused on identifying the relationship an economic system and its policies have with the environment. The biosphere is chosen in particular as object of analysis but this can be extended by means of an ecosystem recursive properties. The common factor involved in the relationship analysis is that currently associated with entropy, being the underlying measure of any transformation process. Ashby s viable system model (VSM) is used as a means of appraising the attribution of sustainability while establishing a consistent system of units for both the solar flux and economic transformation processes. Conditions for a virtuous cycle dynamic in relation to sustainability is expressed, adhering to non-equilibrium thermodynamics.
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Bibliographic InfoPaper provided by EconWPA in its series GE, Growth, Math methods with number 0306001.
Length: 9 pages
Date of creation: 07 Jun 2003
Date of revision:
Note: Type of Document - RTF; prepared on IBM PC; to print on PostScript; pages: 9 ; figures: included. Non-profit reproduction and distribution of this text for educational and research reasons is permitted providing this copyright statement is included
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Sustainability; Entropy; Variety; Viable; Change;
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- NEP-ALL-2003-06-16 (All new papers)
- NEP-LAW-2003-06-16 (Law & Economics)
- NEP-PBE-2003-06-16 (Public Economics)
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