Thermoeconomics - A Thermodynamic Approach to Economics (Second edition)

Abstract

This second edition of the book stems from work by the author published in Energy Economics, the International Journal of Exergy and follow-up working papers. Topics covered include the gas laws, the distribution of income, first and second laws of thermodynamics, economic processes, elasticity, entropy and utility, production processes, reaction kinetics, empirical monetary analysis of UK and USA economies, interest rates, bonds, yield curves, yield spread, unemployment, entropy maximisation and the cycle, empirical analysis of world energy resources and climate change as factors affecting economic output, and lastly a discussion of sustainabilityThermodynamics, economics, money, value, utility, Le Chatelier, equilibrium, entropy, production, interest rates, yield, energy, exergy, peak oil, gas, coal, climate change