Entropy of economy

Yuri Maksimenko ()

Non-monetary economics from Maksimenko Yu.F.

Abstract: The notion of entropy is described in its application to an economy. Its similar and different features as compared to thermodynamics are considered. Density of energy is shown to determine the type of control. Illustrative examples are given. The optimal control is shown to be impossible at present.

Date: 2001-09
New Economics Papers: this item is included in nep-evo
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Persistent link: https://EconPapers.repec.org/RePEc:mce:nonmon:0008

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