Thermoeconomics

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High Quality Content by WIKIPEDIA articles! Thermoeconomics also referred to as 'biophysical economics', is a school of heterodox economics that applies the laws of thermodynamics to economic theory. The term "thermoeconomics" was coined in 1962 by American engineer Myron Tribus, and developed by the statistician and economist Nicholas Georgescu-Roegen. Thermoeconomics can be thought of as the statistical physics of economic value. Thermoeconomics is based on the proposition that the role of energy in biological evolution should be defined and understood through the second law of thermodynamics but in terms of such economic criteria as productivity, efficiency, and especially the costs and benefits (or profitability) of the various mechanisms for capturing and utilizing available energy to build biomass and do work.
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Weitere Informationen

  • Allgemeine Informationen
    • GTIN 09786131078569
    • Editor Lambert M. Surhone, Miriam T. Timpledon, Susan F. Marseken
    • Genre Physik & Astronomie
    • EAN 9786131078569
    • Format Fachbuch
    • Titel Thermoeconomics
    • Herausgeber Betascript Publishing
    • Anzahl Seiten 132

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