Thermoeconomics - A Thermodynamic Approach to Economics (Second Edition)

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9780956297525: Thermoeconomics - A Thermodynamic Approach to Economics (Second Edition)

This transdisciplinary book stems from peer-reviewed work the author has published in Energy Economics and the International Journal of Exergy, and follow-up working papers produced on the many links between economics, energy and thermodynamics. Topics covered in this second edition of the book include the gas laws, the distribution of income, the 1st and 2nd Laws of Thermodynamics applied to economics, economic processes and elasticity, entropy and utility, production processes and the Le Chatelier Principle, reaction kinetics, empirical monetary analysis of the UK and USA economies, interest rates, bond yield and spread, unemployment, entropy maximization principles and the business cycle. A chapter is devoted to analyses of world energy resources and climate change as factors that will impact on economic output. The book is aimed at the professional/scholarly and further/higher education economics and science markets

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