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Historicity, Entropy and No Linearity

Author

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  • Alain Herscovici

Abstract

The objective of this paper is to definite Historicity in Economic Sciences applying the principles of Entropy and methodological indeterminism. This implies the definition of two kinds of economic universes: one characterized by ergodicity and reversibility of Time and processes and the other by the opposite properties. The first part will deal with the construction of the subject of study and the nature of the proper analysis to these two universes. Taking such dichotomy into account, the second part will examine its implications as regards to the nature of equilibrium, the properties of stability and instability and the closure of the systems. JEL Classification: B4.

Suggested Citation

  • Alain Herscovici, 2005. "Historicity, Entropy and No Linearity," Brazilian Journal of Political Economy, Center of Political Economy, vol. 25(3), pages 277-294.
    • Handle: RePEc:ekm:repojs:v:25:y:2005:i:3:p:277-294:id:643
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/643/640
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    More about this item

    Keywords

    Historicity; Dissipative Structures; Entropy; Irreversibility;
    All these keywords.

    JEL classification:

    • B4 - Schools of Economic Thought and Methodology - - Economic Methodology

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