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Is neoclassical microeconomics formally valid? An approach based on an analogy with equilibrium thermodynamics


  • Sousa, Tania
  • Domingos, Tiago


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  • Sousa, Tania & Domingos, Tiago, 2006. "Is neoclassical microeconomics formally valid? An approach based on an analogy with equilibrium thermodynamics," Ecological Economics, Elsevier, vol. 58(1), pages 160-169, June.
  • Handle: RePEc:eee:ecolec:v:58:y:2006:i:1:p:160-169

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    References listed on IDEAS

    1. Stern, David I., 1997. "Limits to substitution and irreversibility in production and consumption: A neoclassical interpretation of ecological economics," Ecological Economics, Elsevier, vol. 21(3), pages 197-215, June.
    2. Stefan baumgärtner, 2004. "The Inada Conditions for Material Resource Inputs Reconsidered," Environmental & Resource Economics, Springer;European Association of Environmental and Resource Economists, vol. 29(3), pages 307-322, November.
    3. Daly, Herman E., 1997. "Georgescu-Roegen versus Solow/Stiglitz," Ecological Economics, Elsevier, vol. 22(3), pages 261-266, September.
    4. Ayres, Robert U., 1998. "Eco-thermodynamics: economics and the second law," Ecological Economics, Elsevier, vol. 26(2), pages 189-209, August.
    5. Martinez-Alier, J., 1997. "Some issues in agrarian and ecological economics, in memory of Georgescu-Roegen," Ecological Economics, Elsevier, vol. 22(3), pages 225-238, September.
    6. Sollner, Fritz, 1997. "A reexamination of the role of thermodynamics for environmental economics," Ecological Economics, Elsevier, vol. 22(3), pages 175-201, September.
    7. Ruth, Matthias, 1995. "Thermodynamic constraints on optimal depletion of copper and aluminum in the United States: a dynamic model of substitution and technical change," Ecological Economics, Elsevier, vol. 15(3), pages 197-213, December.
    8. Bianciardi, C. & Tiezzi, E. & Ulgiati, S., 1993. "Complete recycling of matter in the frameworks of physics, biology and ecological economics," Ecological Economics, Elsevier, vol. 8(1), pages 1-5, August.
    9. Daly, Herman E., 1995. "On Nicholas Georgescu-Roegen's contributions to economics: an obituary essay," Ecological Economics, Elsevier, vol. 13(3), pages 149-154, June.
    10. Frondel, Manuel & Schmidt, Christoph M., 2004. "Facing the truth about separability: nothing works without energy," Ecological Economics, Elsevier, vol. 51(3-4), pages 217-223, December.
    11. Amir, Shmuel, 1995. "Welfare maximization in economic theory: Another viewpoint," Structural Change and Economic Dynamics, Elsevier, vol. 6(3), pages 359-376, August.
    12. Ayres, Robert U & Ayres, Leslie W & Warr, Benjamin, 2003. "Exergy, power and work in the US economy, 1900–1998," Energy, Elsevier, vol. 28(3), pages 219-273.
    13. Stefan Baumgärtner, 2005. "Temporal and thermodynamic irreversibility in production theory," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 26(3), pages 725-728, October.
    14. Baumgartner, Stefan & Dyckhoff, Harald & Faber, Malte & Proops, John & Schiller, Johannes, 2001. "The concept of joint production and ecological economics," Ecological Economics, Elsevier, vol. 36(3), pages 365-372, March.
    15. Lozada, Gabriel A., 1995. "Georgescu-Roegen's defense of classical thermodynamics revisited," Ecological Economics, Elsevier, vol. 14(1), pages 31-44, July.
    16. Ayres, Robert U., 1999. "The second law, the fourth law, recycling and limits to growth," Ecological Economics, Elsevier, vol. 29(3), pages 473-483, June.
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    4. repec:voc:wpaper:tech22012 is not listed on IDEAS
    5. John Bryant, 2008. "Thermodynamics and the Economic Process," Working Papers ten62008, Economic Consultancy, Vocat International.
    6. repec:voc:wpaper:tech12012 is not listed on IDEAS
    7. repec:voc:wpaper:tech32012 is not listed on IDEAS
    8. Jiřina Jílková & Lenka Slavíková, 2009. "Ekonomie životního prostředí na rozcestí
      [Economics of the Environmental Protection on the Crossroad]
      ," Politická ekonomie, University of Economics, Prague, vol. 2009(5), pages 660-676.
    9. repec:eee:ecomod:v:220:y:2009:i:16:p:1913-1925 is not listed on IDEAS
    10. repec:voc:wpaper:tech62012 is not listed on IDEAS
    11. John Bryant, 2010. "A Thermodynamic Approach to Monetary Economics. A Revision. An application to the UK Economy 1969-2006 and the USA Economy 1966-2006," Working Papers ten5a2010, Economic Consultancy, Vocat International.
    12. repec:voc:wpaper:tech92012 is not listed on IDEAS
    13. repec:voc:wpaper:tech42012 is not listed on IDEAS
    14. John Bryant, 2007. "A Thermodynamic Theory of Economics," Working Papers tefprv2007, Economic Consultancy, Vocat International.
    15. A. Madureira & F. Hartog & N. Baken, 2016. "A holonic framework to understand and apply information processes in evolutionary economics: survey and proposal," Netnomics, Springer, vol. 17(2), pages 157-190, September.

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