THERMOECONOMICS 2

Thermoeconomics is a term I've come across lately. Thermoeconomics is the study and application of thermodynamic principles to economic concepts. For example, thermodynamic concepts such as heat, work, energy, and entropy would be applied to economic theories of production, consumption, and distribution. This seems like an interesting area of study that I will be researching as I go along.

On a different note, we had one trade this week for a 2.25 point gain.

THERMO ECONOMICS

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.