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Entropy, economics, and policy
Entropie, Wirtschaft und Politik
[working paper]
Corporate Editor
Universität Bremen, Forschungszentrum Nachhaltigkeit (artec)
Abstract "The laws of thermodynamics constrain transformation of materials and energy, and thus have implications for material and energy use in the economy, for environmental impact, and for policy. This paper provides an overview over the applications of concepts from thermodynamics in economics at the lev... view more
"The laws of thermodynamics constrain transformation of materials and energy, and thus have implications for material and energy use in the economy, for environmental impact, and for policy. This paper provides an overview over the applications of concepts from thermodynamics in economics at the level of individual processes and explores potential constraints at larger system levels - the economy as a whole and the ecosystems within which economies are embedded. Specific emphasis is placed on the ways in which insights from thermodynamics are used to inform economic and policy decision making." (author's abstract)... view less
Keywords
entropy; process; political decision; ecological system; economic policy; politics; economy; energy; environmental policy; ecology; decision making
Classification
Ecology, Environment
Method
descriptive study
Document language
English
Publication Year
2007
City
Bremen
Page/Pages
19 p.
Series
artec-paper, 140
Licence
Deposit Licence - No Redistribution, No Modifications
Data providerThis metadata entry was indexed by the Special Subject Collection Social Sciences, USB Cologne