If you have been following any of my recent posts you will know that I have been researching the second law of thermodynamics and how it may be related to market dynamics. It is so interesting to research new concepts and ideas. We discover or learn something new, and this usually leads us to more questions, discoveries, or ideas, etc.
The process led me to something completely new—thermo economics. Have you ever heard of this discipline within economics? I just cannot believe that I never even came across the term, never mind what is studied in it. I studied economics when I was in high school, by this I mean I read The Wall Street Journal, (no high school at that time would consider a course in economics, thank God!), I studied it in college, and also in business school, but I have never heard of thermoeconomics. More on this topic in the future.
Try:
ReplyDeleteThermoeconomics: A Thermodynamic Theory of Economics. A book by John Bryant, Director VOCAT International
9 chapters on the subject plus some emplirical analyses of UK and USA monetary systems, and climate change